Russia: Agricultural State Program 2013-2020 Amended in 2017

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On March 31, 2017, the Russian government adopted the new version of the State Program for the Development of Agriculture and Regulation of Agricultural Commodities Markets in 2013-2020 (hereinafter – State Program). This State Program was adopted in 2012 and came to force in January 2013. Since 2013 the State Program was amended in April 2014 with the serious reduction of projected financing in 2015 and 2016 but with a gradual increase in financing for the period 2017-2020. In March 2017, the State Program was amended again. After the 2017 amendments, the total cost of the State Program 2013-2020 will increase to 1.55 trillion Rubles, 2.6 percent higher than the original plan adopted in 2012. This increase is attributable to actual financing of the State Program in 2015 and 2016 was higher than planned, while the projected financing of the State Program in 2018, 2019 and 2020 will decrease. The March 2017 Amendments also changed the structure of the State Program, merging sub-programs in order to give provinces more flexibility in using federal funds. The new edition of the State Program also emphasizes import substitution in food supply and enhancement of Russian agricultural exports.

Russia: Agricultural State Program 2013-2020 Amended in 2017