Sustainable growth and innovative development of the Russian agro-industrial complex in the face of sanctions pressure from western countries

Issue № 6, 2023, article № 3, pages 24-34

Section: Agrarian policy: problems and decisions

Language: Russian

Original language title: УСТОЙЧИВЫЙ РОСТ И ИННОВАЦИОННОЕ РАЗВИТИЕ АПК РОССИИ В УСЛОВИЯХ САНКЦИОННОГО ДАВЛЕНИЯ СО СТОРОНЫ СТРАН ЗАПАДА

Keywords: GOVERNMENT PROGRAM, SANCTIONS, IMPORT SUBSTITUTION, GOVERNMENTAL SUPPORT, SOFT LOANS, TARGETED FINANCING, EXPORT, IMPORT, FOOD, RAW MATERIALS, AGRO-INDUSTRIAL COMPLEX

Abstract: Now the agro-industrial complex is in the stage of active development, which was facilitated by appropriate measures of financial support from the state. Over the past 10 years, over 2.5 trillion rubles have been allocated to support the agro-industrial complex, 1.5 thousand projects have been implemented, 80% of which have reached the stage of serial production. At the beginning of 2022, according to the criterion of the value added that is produced in the agro–industrial complex, the country ranks fifth in the world ranking (4.4 trillion rubles) and seventh in terms of attracted investments. One of the main factors guaranteeing food security is the excess of food exports over imports. The import of agricultural raw materials has decreased 1.6 times over the past 10 years. For the first time in the last 30 years, by the end of 2020, exports of food and raw materials from Russia exceeded imports. One of the urgent problems remains the development of its own seed industry. There is still a high level of import dependence in animal husbandry on foreign genetic material. Currently, a wide range of state financial support for these agricultural sectors has been launched: incentive subsidies, short-term and investment concessional lending, compensation for direct costs of modernization and creation of seed and breeding centers. The main goal of the agro-industrial complex is to ensure sustainable growth of the agricultural sector by 3% per year, but in order to achieve such growth, about 1 trillion rubles must be allocated to the industry annually. The state has such funds, it is the National Welfare Fund, in which 11 trillion rubles are placed today, and export customs duties from the sale of agricultural products, which in the amount of about 2.5 trillion rubles annually go to the budget.

Authors: Kulikov Nikolai Ivanovich, Kulikov Aleksei Nikolaevich, Kulikova Mariia Anatolevna, Parkhomenko Vasilii Lvovich