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On 7 August 2014 Russia introduced restrictions on import of food products from countries of the European Union, the US, Canada, Norway and Australia (hereinafter – retaliatory sanctions) in response to their sanctions against Russia driven by political developments in the Ukraine. This step...
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In 2016, record-high yields of grain, including wheat, maize, sunflower, soya and sugar-beet were received. A new record in poultry meat production was set. Despite economic recession, gross agricultural output has been growing in the past few years. Such results are attributed by many experts...
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At present about 4% of Russia's GDP is generated in agriculture; however, the sector still accounts for 9.7% of the total number of employed in domestic economy with 26% of the country's population living in rural areas. The latter indicator has remained actually unchanged throughout the 10...
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In 2017, there is a chance for Russia to become a net exporter of food. In order to obtain a positive balance, it is necessary to use competitive advantages of domestic producers: increase exports of traditional type of products (grains, vegetable oil), get to international market with new types...
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Most of the countries counter-sanctioned by Russia have seen no decline in food exports, increasing them to other countries to compensate for losses in the Russian market. Only a few countries have experienced a decline in exports due to the Russian food embargo, namely Norway (a total decline...
Persistent link: https://www.econbiz.de/10012982645
From the largest importer of grain that the country used to be in the Soviet times, Russia has evolved into its net exporter. The potential for increasing grain exports by means of reclaiming abandoned lands is being examined. There are as well opportunities for boosting grain production by...
Persistent link: https://www.econbiz.de/10014145174