MOSCOW, 26 February. /Then24/. The volume of imports to Russia of semiconductors, subject to the expected restrictions, is estimated at about $470 million, said Sergey Sinelnikov-Murylev, rector of the All-Russian Academy of Foreign Trade (VAFT) of the RF Ministry of Economic Development.
In his opinion, these imports can be redirected to Asian partners, which “probably will lead to an increase in prices for the relevant goods, but the effect on inflation will be minimal.”
“The total volume of imports of semiconductors, which is expected to be subject to restrictions, is estimated at about $470 million, which is about a quarter of the imports of this product to Russia,” Sinelnikov-Murylev told Then24.
He noted that the Russian economy is quite stable, largely focused on the domestic market.
“The economic dynamics during the crisis has demonstrated this quite well. On the one hand, this is a factor in restraining economic growth, but in the case of sanctions, it allows the economy to survive the changes with little loss,” said the rector of the VAVT.
The decrease in imports as a result of sanctions, combined with the effective implementation of national projects, creates certain conditions for the processes of its replacement by domestic production, he notes.
“It is important that these processes are also supported by trade policy measures, including the need for a certain adaptation of tariff and customs regulation to new conditions. To compensate for the losses of export markets as a result of sanctions, including those affecting the Russian Export Center, it is important to adjust the regulatory requirements for exporters,” the expert concluded.