Russia bolsters military potential in South to respond to emerging threats — defense chiefMilitary & Defense July 26, 16:09
Moscow to frame stance on new sanctions once US bill becomes lawRussian Politics & Diplomacy July 26, 16:03
Kazakhstan hopes to develop its own module for joint space station with RussiaScience & Space July 26, 15:34
EU diplomats move to slap more sanctions on Russia over Siemens turbines furorBusiness & Economy July 26, 15:11
London court binds Ukraine to pay par value of Eurobonds to RussiaBusiness & Economy July 26, 15:05
Siberian scientists suggest using fluorescent proteins to analyze toxicityScience & Space July 26, 14:56
Moscow Zoo’s breeding center home to world's endagered speciesSociety & Culture July 26, 14:53
EC announces readiness to defend European interests against US sanctionsBusiness & Economy July 26, 14:24
Official says it's up to Turkey as NATO member to decide on purchase of Russian S-400World July 26, 14:09
“Our country has a right to initiate negotiations to change its tariff liabilities within the scope of the WTO since January 1,” Manturov said.
The ministry is also considering the possibility of reducing duties on imports of some kinds of raw materials and components needed to manufacture industrial goods inside the country.
Prime Minister Dmitry Medvedev said separately at the meeting that the government in early October will prepare a plan to support import substitution in the industrial and agricultural sectors in 2014-2015; he added that funds for the program will be found in any case. Medvedev also added that additional funds will be provided to support some agricultural sectors.
Manturov said that the import substitution program will require no additional state injections, and will ensure increase of domestic production share in all key sectors of the processing industry. “Currently, imports account for over 50% of the total sales volume, and this situation poses serious risks for economy,” he said.
Economic Development Minister Alexei Ulyukayev at the meeting warned against investing in outdated technologies while carrying out the import substitution program.