Under heavy sanctions, the Russian government helps the real economy overcome difficulties
【Today's Viewpoint】
Since the outbreak of the Russian-Ukrainian war, unprecedented sanctions from the United States and the West have dealt a heavy blow to the operation and industrial structure of Russia's real economy. Facing the riddled and bruised real economic situation, the Russian government's top priority is to mend the holes and heal the wounds. The long-term strategy is to Rebuild the economic structure and gradually improve the industrial chain and production system of key industries in the economic field.
Small nails reflect the plight of Russia's real economy
Not long ago, there was a shortage of construction nails in Russia due to the withdrawal or suspension of business in Russia by American and Western companies such as the Swedish IKEA chain.
First, Chairman of the Russian Federation Council Matvienko called on SMEs to establish production lines for nail production as soon as possible, then Russian Minister of Industry and Trade Manturov said that Russia could produce enough ordinary nails, and finally the Russian President's Plenipotentiary Representative for Entrepreneurs' Rights Titov said that it is necessary to create favorable conditions for small and medium-sized enterprises to be able to produce nails, so as to stop importing them from abroad.
The above-mentioned "nail incident" is only a small microcosm of the consequences of the US and Western sanctions against Russia since the Russian-Ukrainian war.
Recently, Russian media reports often have a shortage of certain commodities or face supply cuts, ranging from diapers and sanitary napkins, to daily medicines, auto parts, to electronic products, advanced semiconductor chips and many other product categories. Anything less.
According to a report released by the Institute of National Economic Forecasting of the Russian Academy of Sciences, 43% of Russian companies have encountered supply chain disruptions.
As Russian Prime Minister Mishustin said in his government work report in the State Duma recently, Russia is currently in the "most difficult period in the past 30 years". any country at any time.
In order to help enterprises, especially small and medium-sized enterprises, to tide over the difficulties, ensure employment and boost the economy, the Russian government has recently issued a series of emergency assistance policies.
Announcement of the "Export Ban List"
At the beginning of March, the Russian government announced the "Export Ban List" containing more than 200 commodities.
The list includes everything from household appliances (washing machines, vacuum cleaners, sewing machines, electric shavers), to cell phones, headphones, cameras, to laboratory glassware, steam boilers, mechanical pumps, electrodes of all sizes and more.
From the list, it can be found that the market is facing a tense trend of imbalance between supply and demand of various products, and the reserves of many kinds of products will last at most for half a year.
The purpose of banning the export of these commodities is to make up for product shortages and prevent supply cuts, maintain the production and operation of enterprises as much as possible, and at the same time maintain the stability of the internal market.
This phenomenon only appeared in Soviet times.
Implement a parallel import policy
At the end of April, the Russian government announced the implementation of a parallel import policy to meet domestic demand for foreign goods.
There are 50 categories and 200 foreign brands in the list of parallel imported goods formulated by the Russian Ministry of Industry and Trade, including finished consumer goods, automobiles, textiles, leather products, clothing, furs, perfumes, equipment and machinery, and mobile phones.
According to Russian economists, the list of parallel imported goods highlights the extreme imperfection of the Russian industrial chain.
Russian President Vladimir Putin once stated at a press conference with Belarusian President Lukashenko on April 12 that in order to maintain the production and operation of enterprises, it is inevitable to implement parallel imports. A second, third or even fourth country completes the import.
Establish an import substitution product exchange platform
In mid-March, the Russian Ministry of Industry and Trade and other government agencies urgently launched the "Import Substitute Products Exchange" platform to facilitate enterprises in Russia to find the products and spare parts they need.
Since the establishment of the platform, various industries have sent more than 80,000 product demand inquiries, and more than 4,000 products have been successfully exchanged, solving the urgent needs of some enterprises.
Helping SMEs to tide over difficulties
Routine inspections of individual enterprises and small and medium-sized enterprises will be stopped by the end of this year; an additional 6 billion rubles will be added to the "Small Business Subsidy Program 3.0" implemented during the epidemic.
The program stipulates loan interest rates for individuals and small and medium-sized enterprises. The borrower does not have to pay the loan principal and interest in the first half of the year, and the second half of the year is completed on a monthly basis. The amount of the loan will depend on the number of employees of the enterprise. The maximum loan amount is 500 million rubles, mainly The condition is that borrowers must retain at least 90% of their jobs for the life of the loan agreement.
Tax incentives for information technology (IT) practitioners who develop mobile applications and institutions involved in the implementation, installation and testing of Russian IT solutions; all IT companies are exempt from income tax for 3 years and can also receive interest rates not higher than 3% Loans; technicians working in Russian IT companies can get preferential housing mortgages and can also be deferred for conscription; increase research and development funds for projects developing Russian IT solutions and applications.
An additional 5 billion rubles will be provided in the field of agricultural production to subsidize agricultural producers who have previously obtained loans; enterprises engaged in the production and processing of agricultural products can obtain preferential loans at low interest rates.