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The implications of Russia’s agriculture boom
For two decades, oil and gas have been the focus of Russia’s economy. While fossil fuels will retain a key role for the foreseeable future, agriculture is booming and quickly gaining prominence. The Kremlin is touting grain exports as a path for the country to regain superpower status. A close look, however, reveals as many risks as opportunities for Russia -- and there is a distinct possibility government initiatives are being used to line the pockets of President Vladimir Putin’s allies.