Putin instructed to reduce the share of imports to 17% of GDP by 2030 – Kommersant

Putin instructed to reduce the share of imports to 17% of GDP by 2030 - Kommersant

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Russia’s non-resource and non-energy exports should increase by two-thirds over six years, President Vladimir Putin said. By 2030, the share of imports in Russia should decrease to 17% of GDP. The share of domestic high-tech products in the domestic market should increase by one and a half times in six years, Vladimir Putin said.

“Russia must create globally competitive developments, including in the space and nuclear fields. We need to more than double government and business investments in scientific research, bringing them to 2% of GDP,” Vladimir Putin said during his address to the Federal Assembly.

In 2023, according to the president, the share of imports in Russia’s GDP amounted to 19%, or 32 trillion rubles. The head of state added that the volume of investment in key industries should increase by 70% by 2030. By the same date, the level of gross value added in the manufacturing industry should increase by at least 40%.

As Vladimir Putin said, in order to increase labor productivity, digital technologies need to be introduced into management. By 2030, he said, the country should be among the top 25 in the number of industrial robots.

About the share of developed countries in Russian imports – in the text of Kommersant “Import at risk”.

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