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Import Substitution and Localisation of Production have become very important topics for foreign companies with activities on the Russian market. Traditionally imported products have to be increasingly substituted by ‘Made in Russia’. Some foreign companies, especially SME, see this trend mainly as a threat to their business in Russia. Others have also discovered the interesting potential behind Import Substitution which can even create new market opportunities in specific sectors, e.g. in the agricultural or food processing sector.
Please have a look at our new Practical Guide on Import Substitution in Russia, jointly developed with the Embassy of Switzerland, Swiss Business Hub Russia.