Tridge summary
In 2014, Russia imposed a ban on the import of several food products from EU countries, the USA, Canada, Australia, and Norway, due to political reasons. This decree led to a significant increase in domestic agricultural production and self-sufficiency. The country has seen a surge in the production of key food products such as grain, soybeans, sugar beets, greenhouse vegetables, fruits, berries, pigs, and poultry. As a result, Russia has become one of the leading suppliers of wheat, vegetable oil, fish, sugar, and other agricultural products on the global market. The agricultural sector has experienced substantial growth, with the volume of production increasing by 22.4% over the past six years. The embargo has also stimulated the creation of thousands of jobs in the rural areas and has attracted both Russian and foreign investment. The sector is now a major contributor to the Russian economy and has achieved a nearly balanced trade in agricultural products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
On that day, August 6, 2014, the President of the Russian Federation signed a decree prohibiting the import of a whole list of food products from the EU countries, the USA, Canada, Australia and Norway. A little later, several more countries were added to them. The ban affected fish, meat, vegetables, fruits and other products. At that time, food was imported into the country (based on the results of 2013) for $ 43.3 billion. Since then, it has decreased by a third - to $ 30 billion in 2019, according to the Ministry of Agriculture. The introduction of counter-sanctions served as an impetus for the development of the domestic agro-industrial complex. Since 2013, the state has increased the amount of support for the agro-industrial complex by more than one and a half times: from slightly less than 198 billion rubles to 311.5 billion rubles. Due to this, production volumes increased for all basic food products. If in 2013 92.4 million tons of grain were grown in Russia, then in 2019 ...
Source: Agronovosti
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