PROSPECTS OF IMPORT SUBSTITUTION IN RUSSIAN INDUSTRY (CONSIDERING THE NIZHNY NOVGOROD REGION EXPERIENCE)
The article considers some prospects of import substitution in various industries of Russia including the Nizhny Novgorod Region. The economic situation is analyzed in the conditions of foreign sanctions, geopolitical tenseness, the declared course on import substitution and the measures to be taken. On the basis of the review of the industrial development of the industry for the period of 2014 - the beginning of 2015 the author formulates concrete proposals for the implementation of the import substitution program in the sphere of industrial production.