Tokaeva S.K. Realization of the import substitution program under the current state of economy of the Russian Federation

Abstract: This article examines conceptual approaches towards the issue of import substitution due to the worsening of the socio-economic situation caused by the drop of the global market oil conjunctureand the introduction of sanctions against Russia by foreign countries. The author presents characteristics of the current state of the country’s economy and demonstrates that there is a high level of the import component within the structure of domestic manufacture. Options of crisis recovery and ways of socio-economic development in the conditions of import substitution are being proposed. A special attention is given to the possible risks related to the selected strategy. The scientific significance consists in the suggested methods of overcoming crisis within the framework of realization of the new model of economic development. The other underlines the problems of the current state of the economy of the Russian Federation aggravated by the growing disproportions. The author develops and formulates the measures aimed at overcoming and solving existing issues in the near-term and long-term perspective.  

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