Since the beginning of 2015, the growth of domestic production in Russia has not covered the reduction in imports. The reason of decline in imports is not import substitution policy, but reduction of domestic demand. Out of the 100 companies, that reduced import or stopped importing at all in the first quarter of 2015, only 17% increased the purchase of Russian products, according to the June research of Russian Presidential Academy, International Institute of Economics and Law and All-Russian Academy of Foreign Trade. If consumer pent-up demand will be fulfilled in the second half in 2015, import substitution policy may turn into prices growth for domestic and imported goods.