Home Economy The industry continues to lose imports // Monitoring of the market situation

The industry continues to lose imports // Monitoring of the market situation

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The new issue of the Gaidar Institute’s (IEP) bulletin of market surveys published the results of a study of the provision of industrialists with raw materials, materials and components. As it turned out, in July, this provision from Russian suppliers increased to 79% – up to the average level of previous years. The supply of imported raw materials and components decreased to 20% against 31% in June. The largest decrease in the intermediate import deficit was recorded in the food industry – from 79% to 48% (see chart). “This result is connected both with the efforts of the enterprises themselves and with the active support of the state. At the same time, foreign producers associated with the Russian food industry are still experiencing, probably, modest political pressure from their governments,” says Sergey Tsukhlo, author of the study. Representatives of the light industry have achieved less success. In it, the problems of import substitution are not now a high priority both for the enterprises themselves and for the authorities, the IEP believes. Noticeable changes….

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