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The Development of Agriculture in the Russian Federation during the Last Two decades

Annotation

This paper provides an analysis of the last two decades Russian agricultural sector development. The objective of the paper is to highlight the main changes which occurred. The paper is also identifying the role of agriculture in Russian economy and society development. After a significant decline in the early 90s and the long process of transformation, the Russian economy including agricultural sector is starting to recover and it is stabilizing itself. In nowadays Russian agrarian sector is under the process of recovery especially because of massive state support (market protection and subsidies coming into agriculture). Agriculture is an important part of the Russian economy. Currently, Russia is seeking not only to achieve a high level of self-sufficiency in basic agricultural products, but also it is trying to be a significant driver in area of international trade in agricultural products and foodstuffs.

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