Template-Type: ReDIF-Article 1.0 Author-Name:Idrisov Georgy Author-Name-First: Georgy Author-Name-Last:Idrisov Author-Workplace-Name: Gaidar Institute for Economic Policy Author-Name:Kaukin Andrey Author-Name-First: Andrey Author-Name-Last:Kaukin Author-Workplace-Name: Gaidar Institute for Economic Policy Author-Name:Pavlov Pavel Author-Name-First: Pavel Author-Name-Last:Pavlov Author-Workplace-Name: Gaidar Institute for Economic Policy Title: IMPORT OF INVESTMENT GOODS Abstract: The sharp fluctuations of the ruble’s exchange rate in the period 2014–2016 have not resulted in a reduction of the share of investment goods in the price structure of Russian imports. At the same time, domestic demand has visibly reoriented towards cheaper analogues. The recovery of imports of investment goods visible since the second half of 2016, which in part can be attributed to the strengthening of the ruble, points to a temporary halt of import substitution processes. Classification-JEL: P24, E52 Keywords: Tax, Budget, Russian Economy Year: 2016 Issue:11 Month: November Pages: 28-31 File-URL: https://iep.ru/files/RePEc/gai/recdev/recdev-2016-11-779.pdf File-Format: application/pdf File-Function: Revised version, 2016 Handle: RePEc:gai:recdev:recdev-2016-11-779