Strategic framework for implementing the potential of import substitution on the example of railway engineering

At present, Russia's economy is dependent on import in some of its strategically important sectors. The recent economic and political developments such as the aggravation of geopolitical situation and termination of economic partnership between Russia and a number of countries and entities, and also the Government's policy that aims to reduce import dependence determine the need to expand the interaction between domestic producers and the need to use domestic resources, materials and equipment in economic activities. Import substitution in Russia can become a driving force of its industrial growth. The paper presents different interpretations of the term “import substitution” contained in several publications of recent years; it also reveals a common approach of the authors to this problem. The article summarizes existing proposals on priority areas of import substitution such as the shift towards import-substituting production and technology in strategically important industries...