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Import substitution is a strategic component of the Unified Plan concept to achieve national development goals from 2024 to 2030 that defines its legal consolidation in the federal legislation. Strategic initiatives and programs at the federal level defined by the President of the Russian Federation and the Government of the Russian Federation are implemented in the legal and financial support of national projects. Import substitution is the institutionally significant goal of the initiatives and programs mentioned above. This is import substitution that has a significant impact on reducing reliance on imports, increasing exports, developing and using advanced domestic technologies, opening new industrial enterprises and providing financial support to small and medium-sized businesses. Due to the relevance of import substitution the content of statutory instruments regulating import substitution has been analyzed and the sources of its financing have been defined. It has been established that the norms of this legislation are provided with financial and organizational resources of the state by means of various forms and methods including the organization of an Industrial Development Fund at the federal and regional levels, the development and financing of a system of currently highly demanded national standards in industry, subsidy for scientific and technological projects, creation of project passports for import-substituted products and approval of its financing, the introduction of a national regime for enterprises producing import-substituted products, etc.
In the research the features of regulatory control of import substitution since 2014 to the present day have been identified via different methods: analytical, formal legal, comparative legal and general scientific. In addition, it has been established that legal support is still being drafted as well as its clarification and specification are needed what indicated by an appeal to law enforcement practice and an analysis of its peculiarities. The purpose of the research is to draw conclusions and recommendations regarding the fullness and completeness of normative and legal regulation in the field of import substitution. In particular, it was noted that the legislation is fragmented and specific federal law on import substitution hasn’t been drafted yet that is creating legal issues and highlighting gaps the justice system needs to bridge.
Keywords:import substitution, financial and legal bases of import substitution, national projects, Industrial Development Fund, system of national standards, national regime, import substitution instrumentarium, Judicial Board on Economic Disputes of the Supreme Court of the Russian Federation
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