SANCTION POLICY AND DEVELOPMENT OF THE AGRO-INDUSTRIAL COMPLEX OF RUSSIA: PROBLEMS AND PROSPECTS

Abstract

The anti-Russian sanctions imposed by the West in the period 2021-2023 were reflected in all sectors of the domestic economy, affecting the agro-industrial sector as well. Violation of logistics processes, restrictions on the operation of the banking system and fluctuations in the exchange rate, an embargo on the import and export of Russian goods - led to a number of macroeconomic changes. The article discusses the impact of the Western sanctions policy on the development of the agro-industrial complex of the Russian Federation, studies the effectiveness of import substitution processes launched by Russia back in 2014.An analysis of domestic and foreign statistical sources, regulations and modern publications made it possible to identify key problems that arise in the production and sale of domestic agricultural products. It is noted that the sanctions policy did not have a direct impact on the agricultural industry, but at the same time created a number of difficulties, including the need to find new markets, obsolescence of equipment (especially tractors and combines), failure of components that are difficult or impossible to purchase, and others. The key problem is that the agricultural industry is changing at a slow pace and depends on many factors, including government support.The measures taken by the state in the current conditions and their impact on the agro-industrial complex are considered. The conclusion is made about the dual nature of sanctions: on the one hand, this is a negative factor that led to changes in pricing policy, the structure of imports and exports, and the legalization of parallel imports; on the other hand, the sanctions highlighted the opportunities for realizing their own production potential and supporting domestic technologies, science and production.