OREANDA-NEWS  The share of Russian equipment for the oil and gas sector in 2023 is planned to increase to 65% and overcome this bar, according to a statement on the Cabinet's website.

"Since 2014, Russian industrial enterprises have already created about 140 types of import-substituting products. Together with the growth of the total market volume, the share of Russian equipment increased from 43% to 62%. In 2023, it is planned to overcome the bar of 65%," the government said in a statement following the results of the working trip of Deputy Prime Minister - Head of the Ministry of Industry and Trade of the Russian Federation Denis Manturov to the Khanty-Mansi Autonomous Okrug - Yugra.

During the meeting of the coordinating council for industry on the topic "Mechanical engineering for the oil and gas industry", Manturov noted that the work of the council will accelerate the work on import substitution in the industry. In turn, the Plenipotentiary representative of the President of Russia in the Ural Federal District Vladimir Yakushev noted that the government of the Russian Federation and the regions have taken unprecedented measures to stimulate production in the context of import substitution.

"For further technological breakthrough, it is necessary to intensify work on the introduction of a unified certification and standardization system at oil and gas sector enterprises, provide suppliers with long-term contracts for the development and production of high-tech products, and actively introduce domestic digital solutions," Yakushev said.