Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Hemp Production in Russia Would Have $ 3.4 bln Turnover a Year
29.09.2011 11:54
Hemp Production in Russia Would Have $ 3.4 bln Turnover a Year

The revival of hemp growing traditions in Russia would have 100 bln Rubles (about $ 3.4 bln) annual turnover and create 1 mln jobs.

The Federal Drug Control Service of the Russian Federation has suggested growing narcotic-free hemp in production quantities. The production turnover may reach about $ 3.4 bln a year.

Narcotic-free hemp can be used as biofuel source, as means of land rehabilitation, in cellulose, smokeless powder and hemp production, in medical and chemical industries and others, said  the Director of the Federal Drug Control Service of the Russian Federation Victor Ivanov.

“The sum of investments may reach about 10 bln Rubles (about $330 mln). These means could be found in the budget, without cutting up on other expenses. This may become one of the major innovation projects, at the moment there are more than 25 of them,” added the Director.  

The ban on growing and selling hemp in Russia was introduced in 1960. Now Russia is one of the largest importers of hemp fibers, what makes up about some million tons a year.

Author: Irina Fomina

Tags: Russian business Russian production    

Next Previous

You might also find interesting:

Colombia Intends To Import Russian Buckwheat
Tax On Google Came Into Force
The Year 2015 Was a Success For Agricultural Enterprises
Sberbank Reduced Consumer Loans
A Mockup Model Of the New Russian-Chinese Aircraft Was Presented

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Baikal  Exhibitions in Moscow  Alpari  Russian culture  Krasnodar  Painting  Mercedes-Benz Fashion Week Russia  Saint Petersburg  Russian transport  Moscow airports  Petersburg Theatres  Russian religions  Cosmodrome Vostochny  iPhone  Russian history  Stroke   Ruzaevka  Gazprom Neft  Suzdal  Russian courts  Russian business  Entertainment Center   Cannes  Moscow  Russian events  Russian tourism  terrorism  New Italian Cinema Festival  Russian opera singers  Maduro  Russian flag  Russian rouble  Andrey Zvyagintsev  Voroshilovsky bridge  Travel  Russian Literature  Alexander Gradsky  Russian Cinema  Antarctic Station  fashion designer  International space station  human rights in Russia  Mineralnye Vody Airport  Archeology  Timashevsk  Two-Headed Eagle  Ukraine  Museon  Omsk region  Exhibitions in Cherepovets 

Travel Blogs
Top Traveling Sites