State Support for Russian Agriculture to Exceed 500 Billion Rubles in 2025

Moscow, March 26 (Interfax) — Russian Prime Minister Mikhail Mishustin announced that state support for the country's agricultural sector will exceed 500 billion rubles in 2025, as part of efforts to boost domestic production and control rising food prices. 

Key Announcements: 

• Increased Budget Allocation: The federal budget for 2025 will allocate over 500 billion rubles to support farming, continuing a trend of prioritizing domestic agricultural growth.
• Focus on Key Areas: Priority support areas include financing livestock breeding, elite seed production, and deep processing of grain and milk. Additionally, preferential loans will be provided for sowing and harvesting operations.

 Combatting Rising Food Prices Mishustin emphasized that increasing domestic production has been a key strategy to manage food price inflation. 

• Export Controls: Temporary export restrictions were imposed on grain crops and sunflower oil to ensure that essential goods remained available domestically.
• Increased Imports: To address supply gaps and stabilize prices, the government increased imports from friendly countries, eliminating duties on products such as butter, meat, potatoes, carrots, and apples.

 Growth in Agricultural Technology Agriculture remains one of Russia’s most competitive and technologically advanced sectors. Mishustin highlighted that: 

• Over 50% of agricultural machinery and equipment is now produced domestically.
• Russian farmers received more than 30,000 tractors, combine harvesters, and other agricultural equipment in 2024, significantly enhancing the sector's productivity.

 2024 Agricultural Support Overview In 2024, state support for agriculture reached 665 billion rubles, with a focus on maintaining food security and protecting consumer interests. Mishustin assured lawmakers that the government will continue to balance supply and demand while taking measures to mitigate price fluctuations and ensure stability in the domestic food market.

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