The "Made in Russia" strategy: a limited instrument for economic diversification
Faced with fluctuations in hydrocarbon prices and economic sanctions from Western countries, Russia has developed a strategy that favours "Made in Russia" - but the results have remained mixed.
In an effort to accelerate the diversification of its economy following Western sanctions linked to the annexation of Crimea, Russia has implemented a series of mechanisms to reduce its dependence on imports and hydrocarbons. But the willingness to substitute local production for imports depends on many factors, not all of which are present.
While the "Made in Russia" policy is necessary to face the economic realities of tomorrow, it is still far from bearing all its fruit, and will require a profound and long-term transformation of Russia’s production chains.
