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Import of Investment Goods During COVID-19 Pandemic in Russia

Pavel N. Pavlov – Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

In early 2020, due to the slowdown in business activity, the weakening of the national currency and a sharp decline in demand for a number of imported investment goods, favorable prerequisites were formed for activating an industrial policy in the field of supporting domestic transport machine building and intensifying import substitution programs right after the most acute phase of the development of the COVID-19 pandemic in Russia. The main large groups of investment goods for which measures of state industrial policy can be particularly effective are light and freight vehicles.

Key words: import, investment goods, import substitution.