Russian President Vladimir Putin stated that domestic manufacturers have already captured and will continue to occupy segments previously served by foreign firms that are retreating from the market. He underscored that this shift is part of a broader strategy to strengthen Russia’s manufacturing base and domestic supply chains.
Putin noted that private sector investment activity is being spurred by substantial state commitments to infrastructure and the expansion of critical production capabilities. He affirmed that the country will press forward along this path, reinforcing domestic production while maintaining openness to essential imports when needed.
Earlier remarks from the president indicated that Russia will not sever imports entirely. Instead, emphasis will be placed on prioritizing goods produced domestically and ensuring reliable supply chains for strategic sectors.
On July 28, the Ministry of Industry and Trade announced an updated list supporting parallel imports. Vasily Osmakov, the ministry’s deputy head, explained that demand for parallel imports is continually shifting, with the possibility of another revision in two to three months. The ministry stressed that parallel importation does not legitimize counterfeit goods and that only original products are brought into the Russian market.
The country has witnessed a notable increase in beer imports, highlighting ongoing adjustments in consumer choices and supply strategies as Russia continues to recalibrate its import framework. (Source: DEA News)