Search

China has announced the expansion of industrial cooperation platforms with a focus on the BRICS countries. The goal is to build production chains within the block and reduce dependence on Western component suppliers. New formats of joint projects are opening up for Russian businesses working with Chinese manufacturers.

Import substitution in Russia continues to transform the domestic economy and redistribute the interests of investors. According to Sergey Yarutin, head of the Association of Import-Substituting Enterprises, the domestic industry has been showing steady growth since 2022. According to Rosstat, the manufacturing industry grew by 6.6% in 2023, and by more than 8% by 2024. The achievements in the production of metal products and computer equipment are particularly noticeable, where the increase was