Scientific Journal of KubSAU

The import substitution problem, that is replacements on the Russian commodity market of foreign production with domestic, is not new and periodically rises including the country leaders. In the first queue, import substitution connects with the solution of one of the main objectives of economy of Russia – its diversification. However, an attempt to develop complete policy of the power was made only after imposition of sanctions. So, it was told about need of overcoming critical dependence on foreign technologies and industrial output in the message of the Russian President to Federal Assembly at the end of 2014. The Russian President Vladimir Putin urged to use the situation developing in connection with sanctions for an exit to new boundaries of development and during "straight line" in April of the current year. Now, by estimates of the government, the import share in various industries of economy is extremely high. For example, Russia imports in civil aircraft construction more than 80% of accessories, in heavy engineering – about 70%, in the oil and gas equipment – 60%, in the energy equipment – about 50%, in agricultural mechanical engineering to dependences on category of products – from 50% to 90% of details etc. The opinion is popular that the moments, heavy for economy of Russia, connected with decrease in foreign demand for the raw materials delivered by Russia and natural devaluation of ruble are a peculiar window of opportunities for development of the domestic industry and deepening of import substitution. However, despite a number of the "successful" moments in this sense, is, for example, crises of 1998 and 2008, the state did not use them fully