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Purpose: The purpose of the research is to study the features of the sustainable development of agro-industrial enterprises in the conditions of sanctions on the example of modern Russia. Design/methodology/approach: Sustainable development of agro-industrial enterprises means their ability to show signs of stable (crisis-free) functioning and development—non-zero (positive) profit, profitability, value addition, sales volume. To study the features of the sustainable development of agro-industrial enterprises in the conditions of sanctions, the authors use methods of trend and correlation analysis of statistical data. To obtain the most complete and reliable information, the agro-industrial complex is considered in the context of its two key segments—agriculture and agricultural engineering (agricultural machinery production). Statistics on the selected segments of the agro-industrial complex of Russia for the period of sanctions (2014–2018) were investigated. Findings: The following features of the sustainable development of agro-industrial enterprises in the context of sanctions were identified. Firstly, the reorientation to the domestic market, as well as the transition of Russian agricultural export enterprises to alternative goods (export facilities) and other foreign trade partners. Secondly, active and highly efficient import substitution, which ensures the accelerated development of domestic entrepreneurship and its formation as a vector of growth of the Russian economy. Thirdly, the deterioration in the financial performance of Russian agro-industrial enterprises during the period of economic sanctions, indicating a violation of their stability, but subsequently replaced by stabilization (restoration of stability). Fourth, the accelerated modernization of agro-industrial enterprises and the establishment of their subsidiary dependence. Fifth, the increased complexity of managing the sustainable development of agro-industrial enterprises. Originality/value: The deterministic features of Russian experience indicate that international trade and economic sanctions initially cause a moderate crisis of agro-industrial enterprises, but subsequently contribute to their sustainable development of domestic entrepreneurship both on the basis of the domestic market and on the basis of exports in new directions. The scale of benefits depends on the flexibility and adaptability of the enterprise. |
