Gleb Nikitin: “Import substitution does not mean isolation”

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First Deputy Minister of Industry and Trade of the Russian Gleb Nikitin made a presentation called “Re-industrialization of the economy of Russian regions as a basic condition for the implementation of the policy of import substitution” at the parliamentary hearings, which took place in the Plekhanov Russian University of Economics. Hearings were held under the leadership of Chairman of the Federation Council Valentina Matvienko.

In her opening remarks, Valentina Matvienko identified key topics to be discussed and assessed the activities of Industry and Trade in maintaining and stimulation of the Russian economy, highlighting the agency developed the federal law “On industrial policy”: “The law defined the principles and mechanisms of the state to stimulate the development of industry, created the conditions for formation of unified rules¬†understandable for all entrepreneurs. And became¬†essential. The next step should be the introduction of industrial policy in the sphere of spatial planning elements that allow to identify priority areas of the territorial distribution of the productive forces. “

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