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The head of Rostec, Chemezov, criticized the policy of import substitution. “Road to nowhere”

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State Council in Nizhny Tagil, Sergey Chemezov

Total import substitution is meaningless and impossible, Sergei Chemezov said
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Sanctions against Russia in general and the Urals in particular

Technological development is impossible without international partnerships, therefore Russia must remain part of the global world. This was stated by the head of Rostec Sergey Chemezov.

“Isolation, including technological isolation, and trying to do everything on our own is a road to nowhere. Russia must remain part of the global world, where development is impossible without international partnerships,” Sergei Chemezov said in an interview with RBC.

He noted that “the betrayal of the West” is not a reason to “close windows and doors.” “We are not on the path with the conductors of sanctions, but we have partners in other regions of the world who today behave consistently and on principle,” added the head of Rostec.

In his opinion, in the context of unprecedented sanctions, it is necessary to maintain a sober mind and be aware of the scale of the tasks. He believes that the loss of access to a number of goods, technologies and components is not a signal for total import substitution. “Replacing everything is pointless, economically inexpedient and simply impossible. I repeat, not a single developed country in the world does this,” Chemezov summed up.

Earlier, Russian President Vladimir Putin said that Western companies would regret leaving the Russian market. Senator from the Perm Territory Andrey Klimov noted that Russia will protect itself from external threats with the help of import substitution and the strengthening of the ruble. President of Belarus Alexander Lukashenko announced that Russia will provide Minsk with $1.5 billion to participate in import substitution programs, writes RT.

Russia launched a forced special operation to protect the population of Donbass from nationalists and the Ukrainian military at the end of February. Because of this, Western countries imposed tough economic sanctions against the Russian Federation, and a number of foreign companies left the market. Some time later, some sold their business, while others expressed a desire to return to the Russian market. At the same time, import substitution began in the country in various areas.

Technological development is impossible without international partnerships, therefore Russia must remain part of the global world. This was stated by the head of Rostec Sergey Chemezov. “Isolation, including technological isolation, and trying to do everything on our own is a road to nowhere. Russia must remain part of the global world, where development is impossible without international partnerships,” Sergei Chemezov said in an interview with RBC. He noted that “the betrayal of the West” is not a reason to “close windows and doors.” “We are not on the path with the conductors of sanctions, but we have partners in other regions of the world who today behave consistently and on principle,” added the head of Rostec. In his opinion, in the context of unprecedented sanctions, it is necessary to maintain a sober mind and be aware of the scale of the tasks. He believes that the loss of access to a number of goods, technologies and components is not a signal for total import substitution. “Replacing everything is pointless, economically inexpedient and simply impossible. I repeat, not a single developed country in the world does this,” Chemezov summed up. Earlier, Russian President Vladimir Putin said that Western companies would regret leaving the Russian market. Senator from the Perm Territory Andrey Klimov noted that Russia will protect itself from external threats with the help of import substitution and the strengthening of the ruble. Belarusian President Alexander Lukashenko said that Russia would provide Minsk with $1.5 billion to participate in import substitution programs, RT writes. Russia launched a forced special operation to protect the population of Donbass from nationalists and the Ukrainian military at the end of February. Because of this, Western countries imposed tough economic sanctions against the Russian Federation, and a number of foreign companies left the market. Some time later, some sold their business, while others expressed a desire to return to the Russian market. At the same time, import substitution began in the country in various areas.

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