Insight
Import substitution in Russia - what's changed since 2015?
Report summary
Five years have passed since the introduction of new import substitution targets in the Russian upstream. Back in 2015, it was a response from the Russian state to the imposition of EU/US sanctions. The expected benefits of import substitution were clear: increase domestic capability, create jobs, minimise the impact of sanctions and insulate against currency fluctuations. This slide pack looks in more detail at oil and gas import substitution in Russia.
Table of contents
- Executive Summary
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