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Import substitution in the wake of food embargo

Author

Listed:
  • Uzun Vasily

    (Gaidar Institute for Economic Policy)

  • Shagaida Natalia

    (Gaidar Institute for Economic Policy)

  • Gataulina Ekaterina

    (Gaidar Institute for Economic Policy)

  • Yanbykh Renata

    (RANEPA)

Abstract

In 2015 the war of sanctions and the shutting down of access to Russian food markets for countries included in the sanction list[1] created favourable conditions for domestic farm producers. The limiting factor was the drop of ruble exchange rate that dramatically lifted prices for many farm inputs, both imported (hybrid seeds, pesticides, breeder stock, etc.) and exported (fertilizers, fuels). Therefore, there were fears that farmers would fail to benefit from the shutting down of markets and to increase domestic agricultural output. However, farm producers did not reduce areas sown in all major crops as compared with the previous year.

Suggested Citation

  • Uzun Vasily & Shagaida Natalia & Gataulina Ekaterina & Yanbykh Renata, 2016. "Import substitution in the wake of food embargo," Published Papers ppaper-2016-252, Gaidar Institute for Economic Policy, revised 2016.
    • Handle: RePEc:gai:ppaper:ppaper-2016-252
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2016-252.pdf
    File Function: Revised version, 2016
    Download Restriction: no
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    Citations

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    Cited by:

    1. Petrick, Martin & Götz, Linde, 2017. "The expansion of dairy herds in Russia and Kazakhstan after the import ban on Western food products," 57th Annual Conference, Weihenstephan, Germany, September 13-15, 2017 261996, German Association of Agricultural Economists (GEWISOLA).

    More about this item

    Keywords

    Russian economy; import substitution; food embargo; sanctions; counter sanctions;
    All these keywords.

    JEL classification:

    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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