Russian Practice Of Applying Instruments Of Financial Support To Agribusiness
Abstract
The creation of conditions ensuring food security, the competitiveness of the Russian economy and the well-being of citizens becomes a strategic direction for supporting the agro-industrial complex. The availability, accessibility and transparency of financial resources (support measures) determine the fulfillment of such conditions. In recent years, the positive results of the implementation of structural elements of the state program for the development of agriculture and the regulation of markets for agricultural products, raw materials and food indicate not only the need to consolidate this trend, but also to maintain and develop it. The past 2020 has become quite difficult and unstable for the Russian economy. Therefore, the measures of state support to the industry become especially significant and relevant. Financial support for the agro-industrial complex is provided through a financial mechanism, which is traditionally represented by budget, credit, insurance, tax mechanisms, each of which in turn includes specific methods and related instruments. This is especially relevant in modern conditions setting a new paradigm for the development of the Russian economy in general and the agro-industrial complex in particular. The expansion of the export potential of the agro-industrial complex, volatility in international commodity markets, active digitalization indicate the need and importance of expanding the use of instruments of financial support for agribusiness. The unusual conditions caused by COVID-19 pandemic not only created some threats to the development of the agro-industrial complex, but acted as an impulse for the mass introduction and use of digital technologies.
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About this article
Publication Date
29 November 2021
Article Doi
eBook ISBN
978-1-80296-116-4
Publisher
European Publisher
Volume
117
Print ISBN (optional)
-
Edition Number
1st Edition
Pages
1-2730
Subjects
Cultural development, technological development, socio-political transformations, globalization
Cite this article as:
Yalmaev, R. A., Shkarupa, E. A., & Perekhodov, P. P. (2021). Russian Practice Of Applying Instruments Of Financial Support To Agribusiness. In D. K. Bataev, S. A. Gapurov, A. D. Osmaev, V. K. Akaev, L. M. Idigova, M. R. Ovhadov, A. R. Salgiriev, & M. M. Betilmerzaeva (Eds.), Social and Cultural Transformations in The Context of Modern Globalism, vol 117. European Proceedings of Social and Behavioural Sciences (pp. 1702-1708). European Publisher. https://doi.org/10.15405/epsbs.2021.11.224