IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: No inception date

Instrument unclear

An official press report of the Ministry of Industry and Trade of the Russian Federation of 19 June 2015 states that, as part of the St. Petersburg International Economic Forum 2015, Alexey Miller, Chairman of the Management Committee of "Gazprom" (holder of world's largest natural gas reserves) and Denis Manturov, Minister of Industry and Trade of the Russian Federation have signed a Joint Import Substitution Programme for industrial products. 
"The programme will help create on the territory of the Eurasian Economic Union competitive goods and services in the world market with broad use of scientific and technical potential of the participants, as well as localisation of production on the territory of Russia and the countries of the Eurasian Economic Union" said Mr Manturov.

The programme envisages the creation of a roadmap involving industrial and research enterprises, R&D centers as well as the Gazprom's structural units and subsidiaries. The specific policy instruments to be employed were not stated, so caution is needed in interpreting the types of measures assigned to this report.

It was said that this program will increase the share of domestic energy efficient technologies, equipment, systems and materials, software products, used at the facilities of "Gazprom", and will facilitate the growth of import-substitution in the holding comany and its business units. 

AFFECTED COUNTRIES

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