Business News Russia - Page 30

Russia

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In 1999–2009, however, Russia's agriculture demonstrated steady growth, and the country turned from a grain importer to the third largest grain exporter after EU and USA in 2009. The production of meat has grown from 6,813,000 tonnes in 1999 to 9,331,000 tonnes in 2008, and continues to grow.

This restoration of agriculture was supported by successful farm credit policy of the government, helping both individual farmers and large privatized corporate farms, that once were Soviet kolkhozes and still own the significant share of agricultural land. While large individual farms and corporate farms concentrate mainly on the production of grain (including for export), as well as husbandry products, small private household plots produce most of the country's yield of potatoes, vegetables and fruits.

Energy

Russia is known as the world's leading energy superpower. The country has the world's largest natural gas reserves, the 8th largest oil reserves, and the second largest coal reserves. Russia is the world's leading natural gas exporter and leading natural gas producer, while also the largest oil exporter and largest oil producer, though Russia interchanges the latter status with Saudi Arabia from time to time.

Russia is the 4th largest electricity generator in the world and the 5th largest renewable energy producer, the latter due to the well-developed hydroelectricity production in the country. Large cascades of hydropower plants are built in European Russia along big rivers like Volga. The Asian part of Russia also features a number of major hydropower stations, however the gigantic hydroelectric potential of Siberia and the Russian Far East largely remains unexploited.

Russia was the first country to develop civilian nuclear power and to introduce the Obninsk, its first nuclear power plant. Currently, Russia is the 4th largest nuclear energy producer. Rosatom manages all the nuclear plants in Russia. Nuclear energy is rapidly developing in Russia, with the aim of increasing the total share of nuclear energy from current 16.9% to 23% by 2020. The Russian government plans to allocate 127 billion rubles ($5.42 billion) to a federal program dedicated to the next generation of nuclear energy technology. About 1 trillion rubles ($42.7 billion) is to be allocated from the federal

The Moscow Victory Parade of 1945 was the first major Soviet event recorded on color film.