AGRICULTURE: IMPORT SUBSTITUTION’S ‘FRUTS’

Natalia Shagaida and Vasily Uzun

Russian Economic Development, 2016, issue 3, 73-76

Abstract: The food embargo has failed to create favorable conditions for Russia’s agricultural production to thrive. Instead, such conditions arose as a result of the ruble’s devaluation, when imported goods had lost their competitive capacity in Russia’s domestic market. On the one hand, the ruble’s declining exchange rate against the world’s major currencies made life more difficult for Russian agricultural producers, because imported resources became more expensive; while on the other, in 2015 they could still increase their production of major categories of edible plants and modify their productaion structure in accordance with the structure of demand in the domestic and foreign markets.

Keywords: Russian Industry; Russian Economy (search for similar items in EconPapers)
JEL-codes: C81 E30 E31 L11 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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