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Russia, a net importer of consumer-oriented products, is the largest consumer market in Europe with almost 145 million consumers.
The Russian food processing industry is growing, driven by strong government support for domestic agricultural production and by an ambitious national goal of increasing food exports by 70 percent...
Russia Extends Food Import Ban for 1 1/2 Years … Draft federal laws on retail trade in food products are ready for President’s signing… Tax Code amended…
Russian Ministry of Agriculture Discusses Cooperation with Hungarian AgroHoldings . . . Russian Ministry of Agriculture Ready to Continue Cooperation with Austria . . .
Russia’s stagnating economy has been the key factor affecting the domestic food market.
Russian retail sales turnover in 2014 grew by 2.5 percent year-on-year (in comparable prices) while, in value terms, the indicator reached $694 billion.
On March 31, 2015, the Russian Ministry of Agriculture determined the level of prices for 2015 grain crop purchases to the State Intervention Fund.
Retail sales turnover in 2013 grew 3.9 percent year-on-year (valued at $744 billion) compared to growth of 6.3 percent in 2012.
The food processing sector has garnered special attention by the Russian Government which implements special supporting programs to improve the efficiency of enterprises.
The fast food sector in Russia has grown sharply in recent years as consumers having seen nearly 30 percent current value growth in 2013.
The Eurasian Economic Commission (EEC), published an amendment of the draft sanitary requirements to clarify that ascorbic acid in the section on food additives is a substance for treatment of flour.
On August 20, 2014, the Government of Russia issued a decree amending the list of banned agricultural products from the United States, Canada, the European Union, Australia, and Norway to exclude...