MOSCOW, February 29. /TASS/. Russia should reduce a share of imports to 17% of GDP by 2030, Russian President Vladimir Putin stated in his State of the Nation Address to the Federal Assembly.

"I’ll give you a few more figures. In 1999, the share of imports in our country reached 26% of GDP, almost 30% of everything was imported from abroad. Last year it reached 19% of GDP or 32 trillion rubles. And in the period until 2030 we need to reach a level of no more than 17% of GDP," the president said.

Putin emphasized that there is no need to substitute everything. At the same time, the goal is to increase the production of consumer goods, medicines, equipment, machines, and vehicles.

"We must produce consumer and other goods in much larger volumes ourselves - medicines, equipment, machines, vehicles, and so on. But we can’t do everything and we don’t need to strive to produce everything. But the government knows what needs to be worked on," he said.

Previously, the Ministry of Economic Development reported that the volume of imports by 2026 will reach 15% of Russia’s GDP.