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Economy of Russia


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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 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 farms concentrate mainly on the production of grain and husbandry products, small private household plots produce most of the country's yield of potatoes, vegetables and fruits.

With access to three of the world's oceans—the Atlantic, Arctic, and Pacific—Russian fishing fleets are a major contributor to the world's fish supply. The total capture of fish was at 3,191,068 tons in 2005. Both exports and imports of fish and sea products grew significantly in the recent years, reaching correspondingly $2,415 and $2,036 millions in 2008.

Energy

In recent years, Russia has frequently been described in the media as an 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 second largest natural gas producer, while also the largest oil exporter and the largest oil producer. On 1 January 2011, Russia said it had begun scheduled oil shipments to China, with the plan to increase the rate up to 300,000 barrels per day in 2011.

Russia is the 3rd largest electricity producer 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
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