Industrial policy in the chemical industry in the context of economic sanctions against Russia

The high importance of the chemical industry for the Russian economy in the socio-economic and foreign trade aspects causes increased attention to this industry. The need to provide all production, household and agricultural areas with products and raw materials supplied from chemical enterprises po...

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Main Author: D. L. Frolov
Format: Article
Language:English
Published: Publishing House of the State University of Management 2024-02-01
Series:Вестник университета
Subjects:
Online Access:https://vestnik.guu.ru/jour/article/view/4949
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author D. L. Frolov
author_facet D. L. Frolov
author_sort D. L. Frolov
collection DOAJ
description The high importance of the chemical industry for the Russian economy in the socio-economic and foreign trade aspects causes increased attention to this industry. The need to provide all production, household and agricultural areas with products and raw materials supplied from chemical enterprises poses the task of reducing dependence on imports, which has developed over the past decades for most commodity items. The negative effect of import dependence became apparent after the introduction of anti-Russian sanctions back in 2014 and significantly intensified in 2022. These events have accelerated the work towards self-sufficiency in key chemical products. The study highlights the main stages of developing the program measures on import substitution, the evolution of some target indicators values and its implementation degree. The current state of the chemical industry in the country has been showed, its bias towards export-oriented industries assessed (fertilizers, synthetic rubber, ammonia, polymers, tires production). The attention to low-tonnage chemistry has decreased, which led to the deficit of its domestic production and the imports growth. The article studies the state of exports and the balance of trade in the main chemical products produced and consumed in Russia.
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spelling doaj-art-db58e648db4d40d283dca584216dd2632025-02-04T08:28:19ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152024-02-0101221922910.26425/1816-4277-2023-12-219-2292988Industrial policy in the chemical industry in the context of economic sanctions against RussiaD. L. Frolov0State university of ManagementThe high importance of the chemical industry for the Russian economy in the socio-economic and foreign trade aspects causes increased attention to this industry. The need to provide all production, household and agricultural areas with products and raw materials supplied from chemical enterprises poses the task of reducing dependence on imports, which has developed over the past decades for most commodity items. The negative effect of import dependence became apparent after the introduction of anti-Russian sanctions back in 2014 and significantly intensified in 2022. These events have accelerated the work towards self-sufficiency in key chemical products. The study highlights the main stages of developing the program measures on import substitution, the evolution of some target indicators values and its implementation degree. The current state of the chemical industry in the country has been showed, its bias towards export-oriented industries assessed (fertilizers, synthetic rubber, ammonia, polymers, tires production). The attention to low-tonnage chemistry has decreased, which led to the deficit of its domestic production and the imports growth. The article studies the state of exports and the balance of trade in the main chemical products produced and consumed in Russia.https://vestnik.guu.ru/jour/article/view/4949foreign tradeimportimport substitutiondevelopment prospectsplanningsanctionschemical industryexport
spellingShingle D. L. Frolov
Industrial policy in the chemical industry in the context of economic sanctions against Russia
Вестник университета
foreign trade
import
import substitution
development prospects
planning
sanctions
chemical industry
export
title Industrial policy in the chemical industry in the context of economic sanctions against Russia
title_full Industrial policy in the chemical industry in the context of economic sanctions against Russia
title_fullStr Industrial policy in the chemical industry in the context of economic sanctions against Russia
title_full_unstemmed Industrial policy in the chemical industry in the context of economic sanctions against Russia
title_short Industrial policy in the chemical industry in the context of economic sanctions against Russia
title_sort industrial policy in the chemical industry in the context of economic sanctions against russia
topic foreign trade
import
import substitution
development prospects
planning
sanctions
chemical industry
export
url https://vestnik.guu.ru/jour/article/view/4949
work_keys_str_mv AT dlfrolov industrialpolicyinthechemicalindustryinthecontextofeconomicsanctionsagainstrussia