Medvedev called seamstresses assist import substitution – RBC

Prime Minister Dmitry Medvedev at a textile factory in Ivanovo

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Photo: TASS

Prime Minister Dmitry Medvedev sent a telegram to the government district abotnikam and veterans of textile and light industry, in which encouraged them to contribute to import substitution and increase the production of quality products.

«it is important to pay special attention to the implementation of priority investment projects that contribute to import substitution and increase the production of quality products that would be happy to wear the most discriminating buyers “- said in a congratulatory telegram, published on the government website.

Medvedev said that most of the staff employed in the sector are women, “skillfully owning secrets of professional skills».

«In today’s difficult economic situation, we must actively modernize production, introduce in garment factories and textile mills equipped with modern technology and equipment of the new generation, as well as to develop its own resource base “- called the prime minister.

As previously wrote RBC, according to Gaidar Institute In the first quarter of 2015. Russian industrial enterprises massively refused to purchases of imported machinery and equipment compared to the same period last year. Share messages about reducing (but not the termination) of such purchases made for the whole industry 37%, even 16% of the companies have completely stopped such imports (although it was purchased in the first quarter of 2014).

The researchers note that More than half of Russian industrial enterprises in the conditions of sanctions and the depreciation of the national currency began to abandon the investment imports and could potentially become customers of domestic machinery and equipment. In light industry, 60% of companies reported a reduction or cessation of purchases of imported machinery and equipment.

1 June Ministry of Economic Development published a report on the monitoring of the current situation in the Russian economy, which in April of 2015 gross domestic product fell an annualized on-year by 4.2% against 2.7% in March. Therefore, monitoring data were worse than previously voiced by Deputy Economic Development Minister Alexei Vedev estimate that Russia’s GDP could decline in April year on year to a record 4% and practically coincided with the calculations of experts Vnesheconombank predicted decline in 4,3%.

As stated Vnesheconombank chief economist and former Deputy Economic Development Minister Andrei Klepach, the main but not the only problem for the economy right now is consumer spending Russians who were forced to tighten their belts due to falling incomes and real wages. “Strengthening of the recession in April indicates that the lowest point of the crisis has not passed,” – concluded Klepach.