Support The Moscow Times!

Protectionist Restrictions Make Russian State Purchases 40% More Expensive

Russia's state purchases have become 40 percent more expensive since the country imposed restrictions on foreign purchasing last year, the RBC news website reported Tuesday, citing Deputy Economic Development Minister Yevgeny Yelin.

Russia's protectionist measures have led to losses for the state budget and will result in a decline in the quality of goods, Yelin said.

He said it is necessary to create a mechanism that will limit budget losses and also impose time limits on the restrictions.

The restrictions on foreign purchases currently affect 420 foreign goods, Yelin said, according to RBC.

Russia limited state purchases of foreign-made goods in order to curb reliance on imports in all key sectors of industry amid the country's standoff with the West.

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.