Import substitution of food products in Russia, failed or win

Published 2021년 7월 2일

Tridge summary

Since the imposition of embargo on certain goods from Western countries in 2014 due to sanctions, Russia has implemented an import substitution strategy aimed at replacing imported goods with domestic products. This strategy has seen some success, especially in reducing meat imports by 65%. However, it has not been as effective in reducing imports of other products such as vegetables, with a planned 70.3% decrease in imports actually being only 27%. Re-export of prohibited products through EAEU countries, Moldova, Serbia, and Azerbaijan has also played a role. The Kremlin has defended the import substitution program as a success, achieving self-sufficiency in food products and in some cases exceeding production norms.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

How it started In August 2014, an embargo was imposed on the import of certain categories of goods from Western countries into the country as a response to Western sanctions. The first ban on the supply of goods - meat, fish, dairy products, cheeses, vegetables, fruits - concerned the EU countries and the United States. A year later, the sanctions were extended to Albania, Liechtenstein, Iceland and Montenegro, and later to Ukraine. Vision and reality The dropping out volume of banned food products was planned to be replaced by Russian goods in accordance with the 2012 import substitution strategy. However, analysts believe that it was possible to do this only partially, and a significant part of the products are still imported from abroad, but from other countries. For example, the volume of imports of dairy products by the end of 2020 was supposed to decrease by 30%, but in reality the reduction was 20%. The situation turned out to be a failure with the reduction of vegetable ...

Source: Agroberichtenbuitenland