Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/297996 
Authors: 
Year of Publication: 
2024
Series/Report no.: 
BOFIT Policy Brief No. 5/2024
Publisher: 
Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT), Helsinki
Abstract: 
Russia has long aimed at reducing its dependency on imported technology. These aspirations intensified after Russia's invasion of Ukraine and sanctions restricting Russia's access to foreign technology. We analyze Russian company surveys and a small sample of product-level statistical data to evaluate recent trends in Russia's import substitution of technology products. For the goods included in our sample, import substitution seems quite limited. Instead, Russian companies have replaced many sanctioned imports with similar or equivalent goods from other countries. Shortfalls of certain goods suggest unavailability of adequate import substitutes and the inability of domestic production to make up for the lost imports.
Subjects: 
Russia
imports
sanctions
technology
Persistent Identifier of the first edition: 
Document Type: 
Research Report

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