Putin: import substitution will increase the productivity

Putin: import substitution will increase the productivity


The substitution in itself is not a panacea. But it means re-equipment of production of our industry, agriculture and in the increase of labor productivity, said President of Russia Vladimir Putin.

MOSCOW, 17 Dec. Import substitution is not a panacea, but will improve productivity in the Russian Federation, said President Vladimir Putin.

“But, of course, reserves GDP growth are not limited only to our opportunities to export, it is necessary to do, I already spoke in my address (to the Federal Assembly — ed.), by the substitution, which by itself is no panacea. We presume that this means the re-equipment of production of our industry, agriculture, it would mean other technical equipment, which means increased productivity,” — said Putin.

 

Critical questions, key statements, photos from the event and video — online-a report from the press conference of Vladimir Putin on ria.ru >>