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

The Financial Times: Russia Experiences Agricultural Boom
April 27, 2017 10:38


Russia is experiencing an agricultural boom, and domestic market has a lot of opportunities for investors. This was written by The Financial Times newspaper on Wednesday, April 19. After many countries imposed sanctions in 2014 and Moscow responded by countermeasures, Russian people saw the opportunity for the development of their own companies.

Some Western analysts and economists doubted that anything would be achieved. But such optimism was justified in the agrarian sector, as the newspaper notes. In 2016 Russia became the largest supplier of grain on the world market. 34 million tons of the total of 119 million tons of grain has gone for export, as FT specifies.

In addition, due to the increased domestic production of pork and chicken, there is no more need to import these goods. In general, the products of the agro-industrial complex have become the country’s second main export article after oil and gas.

Thanks to the growing profits, farmers are investing in technologies and buy more fertilizers, so the Russian agricultural production will probably continue to develop in the future, as the newspaper believes.


Author: Anna Dorozhkina


Next Previous

You might also find interesting:

The European Union Introduced its First "Cyber Sanctions" against Russians Is the end of draft dodging coming soon? Bukva-Grad (Letter-town) Will Appear In Perm More Georgian Designers Influence Russian Fashion Market

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Moscow  Asaph Islands  Dolls  Exhibitions in Moscow  Painting  Monuments in Moscow  Russian Astronauts  meldonium  St. Petersburg  Siberia  TranceMission Festival  Russian tourism  Festivals in Moscow  Sakhalin Oblast  Music Festivals  eternal flame  Fashion  Russian Cinema  Blues  Ivan Shishkin  Vincent Van Gogh  Burial Grounds  media  Russian business  Tula  environment  Mercedes-Benz Fashion Week Russia  Russian luxury market  Euro 2020  Nenets Autonomous Area  India, Jewelry  Russian ballet  Gourmet Tours  travel to Russia  Russian events  Yekaterinburg  Russian television  Hiking  Paralympic Winter Games  Folk Arts  White Elephant Award  Akhmatova  Russian regions  Timur Novikov  International space station  Unemployment  Russian language  Voronezh   Krasnodar region  Russian political parties 

Travel Blogs
Top Traveling Sites