Russia Expects to Reach Almost Complete Import Substitution in Oil Industry by 2027- Novak

NAMPA / Sputnik

2025-05-12

MOSCOW, May 12 (RIA Novosti) - Russia expects to achieve almost complete import substitution in the oil industry by 2027, and to take a significant place in the export of technologies in the long term, Russian Deputy Prime Minister Alexander Novak said on Monday. "Coordination of efforts between oil and gas companies and the state has already made it possible to significantly increase the level of import substitution. By 2027, we expect almost co......

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