Transformation of Russian food exports in the new global geopolitical environment

Полунина Н.Ю.

Abstract

In modern realities, Russia is heading for the openness of the economy, which is one of the most important principles, and is expanding contacts with reliable partners. The development of transport corridors and logistics opportunities in Russia allows businesses to strengthen foreign trade cooperation ties, primarily with the countries of the EAEU, Asia, the Middle East, Africa, and Latin America. In the current environment, the already active policy of entering these markets will only accelerate, and federal support measures that compensate for the costs of participating in exhibition events will further contribute to this. Due to the deepening geopolitical situation, Russian carriers faced an unthinkable number of obstacles that affect not only the development of companies, but also hinder their current activities. Strategic advantages for the rapid development of new markets for agricultural products and food are the growing demand for the main types of agricultural products and food in the world and the falling exchange rate of the national currency. The volume of the Russian transport and logistics services market at current prices increased by 1.7 percent over 2022, and in real prices fell by 6.3 percent (approximately the same as in 2020 amid the pandemic). However, high demand for international cargo transportation remains. At the same time in the conditions of the shortage of professional drivers and the equipment, the cost of logistic services grew as well. The article analyzes the modern transformation of the Russian export of food taking into account a difficult geopolitical situation: it examines the stimulating and deterring factors of growth of the Russian export of food and classifies financial and nonfinancial measures of state support of the export-oriented enterprises, as well as barriers standing in the way of Russia’s food exports.

Keywords

export; food; logistics; geopolitical situation; crisis; export-oriented enterprise; government support.

DOI: 10.31249/rsm/2024.03.02

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