The Impact of the Trade Restrictions Related to Political Factors on Russia’s Agriculture

Student: Uzarashvili Natalia

Faculty: Faculty of World Economy and International Affairs

Educational Programme: World Economy (Bachelor)

Year of Graduation: 2017

The accession of the Crimea to the Russian Federation in 2014 predetermined the further development of relations between the country and its foreign partners. The embargo imposed by Russia in response to the sanctions from foreign countries led to the significant changes in the agricultural sector. In this paper, the consequences of the imposed restrictions are analyzed. The study also takes into consideration the import of the Russian Federation in the period from 2013 to 2016, and reviews production indicators for the goods that fell under the product embargo. An answer to the question whether the state is really trying to develop the agricultural industry, or the country concentrates on the search for new suppliers of products was answered. At the end of the work, attention is drawn to the factors that stop the full realization of the country's potential in this area.

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