MOSCOW, July 4Russia needs a new full-fledged industrialization: part of it will be the launch of large-scale projects lasting 10-20 years, significant for the technical sovereignty of the country; including the creation of entire industries in radio electronics, chemistry, machine tools and drones, said the first deputy head of the Ministry of Industry and Trade of the Russian Federation Vasily Osmakov in an interview.
“The essence of industrial policy, in short, is to complete the construction of those critical production chains that are necessary to ensure national security and increase the well-being of citizens (through increasing economic efficiency). Until 2022, when we were fully integrated into the global market, this task was successfully solved by replacing missing segments with imports. But now, in the new conditions, we cannot afford this — the level of technological self-sufficiency must be different, and this requires a full-fledged new industrialization,” he noted. 
“Part of it will be the launch of large-scale projects lasting 10-20 years, which do not always pay off for business, but are significant for the technical sovereignty of the country. Including the creation of entire industries: for example, in radio electronics, chemistry, machine tools, drones,” he added Osmakov.
He also clarified that when it comes to creating full-fledged industries, what is meant first of all is their ability to self-reproduce and constantly evolve. That is, not just launching factories for large-scale assembly, but creating design bureaus, building supply chains with management of added value and components within the product. This is precisely what new industrialization is, the official emphasized.
Osmakov recalled that a significant part of the Russian economy in the 90s was more focused on “pumping” rent, rather than creating real competition with the West. “And this is what the West needed from Russia – to see it as an economic “semi-colony” and its own resource and raw materials appendage. New industrialization is about becoming a real competitor, about the formation of self-sufficient industries,” added the first deputy minister. 