Putin likely to pardon former senior lawmaker, but it needs time — KremlinRussian Politics & Diplomacy July 20, 17:33
ExxonMobil slapped with $2 mln fine for breach of anti-Russian sanctionsBusiness & Economy July 20, 17:10
Germany reconsiders its policy towards Turkey amid worsened tiesWorld July 20, 16:55
Diplomat slams attempts to create parallel government agencies in VenezuelaRussian Politics & Diplomacy July 20, 16:36
Russia completes first stage of 5th-generation fighter jet’s trialsMilitary & Defense July 20, 16:21
Scientists pinpoint genetic origins of Tourette syndromeScience & Space July 20, 15:48
Russian rotocraft manufacturer negotiated supply of ten helicopters to ChinaBusiness & Economy July 20, 15:35
Russia asks US to provide explanations on extending Viktor Bout’s jail termRussian Politics & Diplomacy July 20, 14:55
Kremlin mum on documentary about Putin being filmed for 2018 electionRussian Politics & Diplomacy July 20, 14:50
“From economic perspective, this measure will hopefully not only protect the domestic market but also revive our long-suffering agriculture,” said chairman of real economy committee Sergey Grigoriev. It would revive the market and create new jobs, he added.
The measures provided “a certain chance for Russian producers to take a niche on the market and replace imports”, said chairman of small and medium business development committee Dmitry Sazonov. “But it is very important to find a balance with financial and tax burden on business,” he added.
According to chairman of investment climate committee Alexei Repik, “this regime may be quite favorable and even effective as an impetus for Russian production”.
“For some economic sectors, primarily agriculture, this will be a chance to seriously prepare for global competitiveness and boost their market shares,” he said. Russia will be able to go the way of treated by all developed countries such as Germany and Japan as they “created strong competitive sectors and companies by introducing protectionism and closing their domestic markets”.