Prospects for the food industry of russian regions under the conditions of sanctions

Issue № 11, 2022, article № 21, pages 187-196

Language: Russian

Original language title: ПЕРСПЕКТИВЫ ПИЩЕВОЙ ПРОМЫШЛЕННОСТИ РЕГИОНОВ РОССИИ В УСЛОВИЯХ САНКЦИЙ

Keywords: BALANCES OF COMMODITY RESOURCES, FOREIGN CAPITAL, FOOD INDUSTRY, DEVELOPMENT POTENTIAL, REGIONAL INDUSTRY, REGIONAL IMBALANCES, SANCTIONS, TNCS, THREATS

Abstract: The influence of Western sanctions on the food industry of Russian regions was studied and the prospects for the development of the industry in the current circumstances were assessed. Both the negative effects of the economic blockade of Russia and the positive aspects of this phenomenon, including in the regional context, are considered. The owners of the largest food industry companies, the main regions of their presence and the influence of foreign corporations on the current situation in the food industry are analyzed. A critical element of the article is the remark about the overwhelming presence of transnational corporations among the largest food producers in Russia, which threatens the stability of the food industry, primarily enterprises of the Moscow region. Also, the topic of the article is focused on the obvious issue of sanctions: possible restrictions on the supply of imported equipment and raw materials, in particular palm oil, which limits the possibility of stable operation of enterprises in a number of industries and regions of the country. In contrast to the negative sides, an assessment is also given of the positive effects of the sanctions policy on the country's food industry, including in the regional context.

Authors: Gadzhimirzoev Gadzhimirze Irazievich, Fedosina Anastasiia Viktorovna, Kabanova Elena Evgenevna, Stepanenko Inna IUrevna