27.06.22 Sanctions Review

The Government should focus on supporting those industries that have been increasingly competitive globally over the past decade, but may lose export markets due to sanctions, experts say

Over the past ten years mainly domestic oriented agriculture, food processing and pulp and paper industries have achieved a certain level of international competitiveness. However today these industries have become especially vulnerable on the global market, experts of the Center for Macroeconomic Analysis and Short-term Forecasting (CMASF) estimate and advise the government to focus on supporting them.

CMASF evaluated Russian industry competitiveness based on the analysis of value-added chains and saw a highly competitive core (raw materials), a moderately competitive sector (that requires support) and a large portion of low-competitive industries with high dependence on imports and minimal opportunities for further exports.