Import Substitution on the Food Market: Reality and forecasts

On March 23rd, Natalia Demina, lawyer of the Maxima Legal, has participated in a business briefing “Import Substitution on the Food market: Reality and Forecast”, organized by the independent business club "Meeting" with the support of the Russian-British Chamber of Commerce. Discussion on the import substitution policy in the country has brought together the experts and the industry participants.

Natalia was talking about the changes in legislation in this field under the sanctions, citing the existing restrictions (bans) on participation of the foreign manufacturers of certain categories of the goods in the government procurement, and the various state programs, and so on. Natalia just elaborated on the theme of food import substitution, drawing the attention of the guests to the fact that up until now none of the regulations did not provide for the liability for sale of the sanctions products, as well as not did not establish a ban for their sale in the country (there is a ban on imports).

Summing up, Natalia noted that often the effectiveness of thestate mechanisms in the framework of import substitution policies, raises doubts in many, in this sense the care about our economy shall become daily and concrete.