IMPORT SUBSTITUTION OF AGRICULTURAL PRODUCTS IN RUSSIA: PROBLEMS AND PROSPECTS

Import substitution has recently become an important direction in the development of the Russian agricultural sector in the Russian economy. The article discusses the impact of the changing geopolitical and economic environment on the development of agriculture, the main achievements and problems of the import substitution strategy implementation, identifies the existing challenges, such as dependence on imported seeds, machinery and equipment. Data on the production and import volumes of key food products of the agricultural sector for 2019–2023 are also presented. Attention is paid to the role of the state in creating conditions for the development of the agro-industrial complex and implementation of the import substitution policy. Key areas for further improvement of import substitution are identified, such as the development of domestic production, digital transformation of the industry and staffing.