Rustam Minnikhanov: We should consolidate efforts to support our commodity producers

On September 12, at a session of the Economic Council under Tatarstan Cabinet of Ministers on promoting domestic producers Tatarstan President Rustam Minnikhanov said: “We should consolidate our efforts to support our commodity producers”.

The session was broadcast online on the website of Tatarstan Government.

Opening the session, Rustam Minnikhanov said that in the morning Cabinet of Ministers considered the forecast of the social and economic development of the Republic of Tatarstan for 2015 and planned period of 2016 and 2017 and consolidated budget statement of the Republic of Tatarstan for 2015 and planned period of 2016 and 2017.

He noted that current economic situation in the world may impede further economic development.

According to results of January-June 2014, export of goods has decreased, and import increased by 10 per cent. Goods for the sum of 160 billion roubles were imported from abroad in 2013.

The President stated that today we are facing difficult times because of international situation and sanctions being imposed against Russia. However, it opens new opportunities for import substitution.

The analysis of the situation and measures that can be taken to help producers maintaining their positions and entering new markets will be presented at the next session of Tatarstan State Council.

According to Rustam Minnikhanov, TAIF, Tatneft, Kazan helicopters plant, KAMAZ, Zelenodolsk Gorky plant and Ministry of Agriculture and Food should present their proposals on providing favourable conditions for local producers to the Russian Government.

Rustam Minnikhanov continued that today big distribution networks do not always understand the federal issue, which consists in promotion of domestic producers.

Making report at the session, Minister of Economy Midkhat Shagiakhmetov noted high degree of uncertainty in global economy and that the country has reached the negative stage of economic development.

Midkhat Shagiakhmetov reminded participants of the session that Russian Government imposed the embargo on some food products imported from U.S. and EU, which offers opportunities for import substitution.