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Russia can be an necessary provider of uncooked materials for high-tech industries such as semiconductors and aviation. For instance, one Russian company, VSMPO-AVISMA, is the biggest provider of titanium parts to Boeing and a considerable supplier to Airbus. Boeing has already announced that it has suspended its purchases of titanium from Russia; although it apparently has enough stocks to final for some time, it'll finally have to seek out alternative sources of provide.

Decline of imports is occurring on account of a combination of things - sanctions, voluntary withdrawal of businesses from working with Russia, declining economic attractiveness of the Russian market. However the results are extremely negative on all fronts: declining client requirements, output disruptions in manufacturing and services, plunging labor productivity. Decline in imports has affected broad range of products across the board - from consumer to funding goods and parts for important manufacturing. Most of the beforehand imported goods will likely be tough to substitute.