Russia’s economy and industry are actively recovering from the crisis associated with the coronavirus pandemic, Russian Prime Minister Mikhail Mishustin said during his speech at the final board of the Ministry of Industry and Trade last week.
According to the Prime Minister, against the background of the pandemic, the pharmaceutical and medical industries have shown growth by more than 23% in 2020. And for the first quarter of this year, these figures have grown by 40%.
Other priority areas have also been developed, Mishustin said. Thus, significant results have been observed in a wide range of high-tech industries. In addition, production in agricultural and food machinery has increased.
There is also an increase in production in the machine tool industry. The production of road and construction equipment has increased. The Prime Minister noted that the introduction of end-to-end digitalization, new IT projects, and digital platforms continue.
The head of government said that non-commodity non-energy exports are receiving systemic assistance. Also, the geography of support is expanding at the expense of the Industrial Development Fund, new mechanisms and incentive tools are being introduced, he said.
Mishustin stressed that the import substitution program remains a top priority for the government. According to the head of the Cabinet, the share of domestic products in the market has increased significantly over the past two years. Until the end of 2021, the budget provides for more than 330 billion rubles for projects to support import substitution.