The article analyzes the import substitution strategyas a significant factor of the current economic development of Russia.The article describesimport substitution strategy implementation trends in the construction industry.The Russian import substitution policy is dependent on foreign economic and political factors.It is aimed at ensuring stable and balanced development of the national economy that will be independent of foreign economic relations.At the same time,the import substitution policy can isolate the nation from global economic processes and change its place in the system of international division of labor.The import substitution policyinvolves technological development,optimization of the foreign trade structure,and innovation development.The import substitution policy is based on economic and social expediency and involves production of high-tech products.Import substitution makes it possible to improvenational economic security and implement an innovative development model.This long-term transition results in technological independence of national economic sectors and enhanced competitiveness of national companies in the domestic and global markets.The construction industry plays a special role in implementing the import substitution strategy.It is a basic industry for developing other economic sectors and satisfying social needs.Modernization of the Russian economy depends on the level of competitiveness of the construction industry and
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