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HomeEconomyThe Problem of Nails in Russia is Explained by Industrial Policy

The Problem of Nails in Russia is Explained by Industrial Policy

Date: June 3, 2023 Time: 11:34:25

Business Ombudsman Titov explained the effects of poor production practices on nails due to changes in climate.

Russia’s underdevelopment in the production of nails could be fixed by addressing market inequalities, which would allow for a more prosperous nail industry. Boris Titov, Commissioner for the Protection of the Rights of Entrepreneurs under the President, said this, according to TASS reports.

Since the production of nails from Russia’s metallurgical plants is not viable on cost, it will become more profitable to produce them in China than to transport them from Russia. In order to properly determine the cost of goods produced by Chinese companies, one must compare the costs of transporting nails from China to Russia’s markets with the cost of producing nails in China.

Although nails are produced domestically, they are still imported, because of a lack of production. Statistics show that in the last three years, imports have increased while exports have dropped significantly. If you want to know if there is enough production to satisfy local needs, go to your local supermarket and see where the nails that are on the shelves and being sold were made.

On April 14, the chairwoman of the Federation Council argued that nails should be produced in Russia. This woman was so angry and upset about this, she suggested that “small and medium-sized businesses” take responsibility and should try to produce nails on their own.

The Ministry of Industry and Trade has stated that cloves are still being produced in Russia today. What’s more, the Ministry is saying that the demand for them has substantially gone down in recent years, despite a rise in their production. This leaves Viktor Polkanov, director at the Novaya Rus plant in Tatarstan, with no choice but to produce nails by himself.

Kevin Kennedy
Kevin Kennedy
Kevin Kennedy is an associate editor for ePrimefeed covering latest news, economy and movie.

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