Russia Produces Extra $4 Billion of Agricultural Goods as Part of Import Substitution Effort

PHOTO by Alexander Demianchuk / TASS

Russia has produced $4 billion of additional agricultural goods as part of its import substitution programme, according to Deputy Minister of Agriculture Evgeny Gromyko during the Prodexpo International Exhibition in Moscow.

“There’s been a $4 billion increase in the production of agricultural goods – what we call import substitution, meaning that cheeses, sausages and other goods which were formerly imported are now domestically produced,” Gromyko said.

Russian Minister of Agriculture Alexander Tkachov previously announced that Russia had cut down on its food imports from $60 billion spent to $20 billion. The official said that domestically produced groceries now account for 80 to 90% of selections in stores.