Until the mid-1980s, the Soviet Union was among the world leaders in the production of wheat, rye, sugar beet, potatoes, milk and livestock. Russia’s agricultural industry then went into the doldrums and took over two and a half decades to recover. It received a major boost in 2014 when Russia introduced sanctions on food products from the West, and initiated an import substitution-focused policy. The price competitiveness of Russian agricultural products has primarily increased over the last two years due to the sharp devaluation of the ruble. Bumper harvests in the last two years have led to a surplus of agricultural produce in Russia and an. Read more...
© Inline LLC 2015-2024. Privacy Policy | Terms of Service