Template-Type: ReDIF-Article 1.0
Author-Name:N. Shagaida
Author-Name-First:N. 
Author-Name-Last: Shagaida
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Author-Name:V. Uzun
Author-Name-First:V.
Author-Name-Last: Uzun
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Title:  AGRICULTURE: IMPORT SUBSTITUTION’S ‘FRUTS’
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.
Classification-JEL: E30, E31, C81, L11
Keywords: Russian Industry, Russian Economy
Journal: Russian Economic Developments
Year: 2016
Issue: 3
Month: March
Pages: 73-76
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/714Shagaida.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:714