UDC 332
DOI: 10.36871/ek.up.p.r.2022.10.03.005
Authors
Dmitry V. Gordienko,
Institute of the Far East of the Russian Academy of Sciences; Russian Presidential Academy of National Economy and Public Administration
Moscow, Russia
Abstract
In the context of the intensification of the struggle for leadership between the United States and
China, the introduction of anti-Russian sanctions, the task of assessing the potential for import substitution of refined
petroleum products, mineral non-metallic products, metallurgy and metalworking products in the economy of
the Russian Federation becomes especially urgent for Russia. The article proposes an approach to assessing the
prospects for expanding trade and economic ties between Russia and China based on statistical data, taking into
account the introduction of anti-Russian sanctions. The proposed approach allows us to forecast the development
of import substitution of refined petroleum products, mineral non-metallic products, metallurgy and metalworking
products, as well as its impact on the economy of the Russian Federation.
The results of the assessment of the prospects for expanding trade and economic ties between Russia and
China in the context of relations between the countries of the "strategic triangle" Russia - China –USA can be used
to assess the potential for import substitution of refined petroleum products, mineral non–metallic products, metallurgy
and metalworking products in the economy of the Russian Federation and to substantiate recommendations
to the leadership of our country. It is concluded that the People's Republic of China and other countries can realize
the potential of import substitution of the studied types of products in the economy of the Russian Federation.
Keywords
Russia, import substitution, foreign trade, anti-Russian sanctions, oil refining products, mineral non-metallic products, metallurgy and metalworking products
