BACKGROUND AND PROSPECTS FOR IMPORT SUBSTITUTION POLICY IN RUSSIA
The article discusses the possibility of applying the import substitution policy in Russia in the context of economic sanctions of Western countries. The analysis of literary sources on the research problem. It has been established that the bulk of Russian exports are natural resources, and the share of other export goods is not more than 15%. It was revealed that the agricultural sector and the information technology sector have great potential in import substitution. In this regard, the main focus in the policy of import substitution should not be focused on the earliest possible reduction in the share of imports in the structure of consumption of Russian companies, but on the creation of new competitive industries. It is necessary to develop a project approach for import substitution in selected sectors, based on a partnership between the state and business.