Template-Type: ReDIF-Paper 1.0
Author-Name:Uzun Vasily
Author-Name-First: Vasily 
Author-Name-Last:Uzun 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Author-Name:Shagaida Natalia
Author-Name-First: Natalia 
Author-Name-Last:Shagaida 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Author-Name:Gataulina Ekaterina
Author-Name-First: Ekaterina 
Author-Name-Last:Gataulina 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Author-Name:Yanbykh Renata
Author-Name-First: Renata 
Author-Name-Last:Yanbykh 
Author-Workplace-Name: RANEPA 
Title: Import substitution in the wake of food embargo
Abstract: 
In 2015 the war of sanctions and the shutting down of access to Russian food markets for countries included in the sanction list[1] created favourable conditions for domestic farm producers. The limiting factor was the drop of ruble exchange rate that dramatically lifted prices for many farm inputs, both imported (hybrid seeds, pesticides, breeder stock, etc.) and exported (fertilizers, fuels). Therefore, there were fears that farmers would fail to benefit from the shutting down of markets and to increase domestic agricultural output. However, farm producers did not reduce areas sown in all major crops as compared with the previous year. 

Classification-JEL: Q13, Q14, Q15, Q16, Q17, Q18
Keywords:  Russian economy, import substitution, food embargo, sanctions, counter sanctions
Creation-Date: 2016
Revision-Date:2016
Publication-Status: Published in RUSSIAN ECONOMY IN 2015  TRENDS AND OUTLOOKS  (ISSUE 37)
Length: 15 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2016-252.pdf
File-Format: application/pdf
File-Function: Revised version, 2016
Handle: RePEc:gai:ppaper:ppaper-2016-252