SANCTIONS INFLUENCE ON THE FOOD SECURITY OF RUSSIA: IMPORT SUBSTITUTION STRATEGY

Nowadays the increase of agricultural efficiency is the priority task of the government of Russian Federation. Sanctions imposed in 2014 put at risk food security in Russia. Recent structure changes prove the retargeting of Russian foreign commerce from export-import oriented to import oriented. The main reason is understocking of agro industrial complex products of own production in Russia. The aim of the study is the assessment of sanctions influence on food safety in Russia. The article deals with the export and import dynamics of food products in Russia, import structure of embargoed Russian agro food products. The assessment of trade restrictions consequences is conducted. The necessity of import substitution policy is proved.