As-usual, Russia get on their toes to retaliate in response to western sanctions imposed for trading by expelling the imports of fish, meat, poultry, vegetables, dairy products and cheese from US, Canada, Australia, European Union and Norway for an indefinite period.
The government of Russia aims to enhance the total federal budget spending on agriculture sector encompassing the fish segment from $ 708 million (27.5 billion rubles) to $5.29 billion (203.5 billion rubles) by 2015, according to documents shared by the finance ministry at PRIME-broadcast.
The allocated budget for the agriculture financing will be mounted from $113.3 million (4.4 billion rubles) to $4.2 billion or 165.7 billion rubles. However, the allocation of budget for the development of fish sector is likely to be raised by $79.8 million up from 265.2 million (10.3 billion rubles).
Both the intended modifications have been covered in the federal budget draft for 2015-2017 proposed by finance ministry. The ministry of agriculture also requested to pass additional funds of $515.3 billion (20 billion rubles) for the sector that has also been included for preparing the budgeted draft.
The prime minister of Russia Dmitry Medvedev emphasis the government to take necessary measures for backing up the state development programs for agriculture to promote domestic production of foods especially those have been banned in order to get import replacement plan.
