Ministry submits import substitution program for over $880 million a year to govt

The Russian Industry and Trade Ministry submitted an import substitution program to the government on June 10, which concerns, among other things, products currently imported from Ukraine, Industry and Trade Minister Denis Manturov said.

The Russian Industry and Trade Ministry submitted an import substitution program to the government on June 10, which concerns, among other things, products currently imported from Ukraine, Industry and Trade Minister Denis Manturov said.

"This is a long list of components. This is several thousand items shipped, in particular, from Ukraine," Manturov said at a news conference on Thursday.

"This would come in handy for Russian enterprises and should increase the annual volume of production by more than $880 million (30 billion rubles) starting from 2015," he said.

"The Industry and Trade Ministry submitted the relevant program on [June] 10, in line with the government's directives, which envisions the establishment of production facilities to ensure the manufacturing of aggregates and components that we are importing now," he said.

"We have found ourselves in a kind of unexpected situation as concerns the limitation of supplies, in particular those from Ukraine," Manturov said.

Therefore, "we have submitted this program in line with the instruction precisely for the industrial sector, and we are implementing it," he said.

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