Повышение конкурентоспособности аграрной сферы экономики Краснодарского края как фактор его экономической и продовольственной безопасности в условиях экономических санкций | ENHANCING AGRARIAN SECTOR COMPETITIVENESS OF THE KRASNODAR REGION AS A FACTOR OF ITS ECONOMIC AND FOOD SECURITY UNDER ECONOMIC SANCTIONS

The aim of the present article is to outline topical issues of economics security, competitiveness and the strategic mission of a region. The Krasnodar region is a prosperous agrarian territory considered as one of the main investment-attractive regions ensuring Russian food security. It possesses a significant resource potential, which is able to provide both import substitution of embargoed goods and ensure economic, and food security not only of a region but also of our country. The article highlights the strategic objectives of the Krasnodar region agrarian sector that aim at meeting the needs of the regional population and ensuring Russian food security. It is inferred that further development of grain production, as a cornerstone of agriculture, livestock and rice industries, is crucial for implementation of the import substitution strategy in the Krasnodar region. Authors assess the production of basic food items in the region, indicating that the local agro-industrial businesses demonstrated 100 % ability to meet the population demand under sanctions for a number of food products, such as meet, sausages, dairy, animal fat, confectionery, sugar, flour, vegetable oil, bread and pastries, rice, canned fruit and vegetables, fruit juices, mineral and table water, etc. According to the present article, the main objective of ensuring Russian food security and import substitution in the agri-food industry under current economic restrictions is an effective use of regional food production capacities and raw material base development. Competitiveness and economic development of the Krasnodar region directly depend on its investment attractiveness. It is revealed that the Krasnodar region competitiveness, economic development and consequently its economic and food security will be determined not only by a favorable transport-geographical position and significant natural resources reserves, but will depend on the regional authorities activity, labor force quality and infrastructure availability. The article concludes with investment policy goals as the most important factor of Krasnodar region competitiveness and economic security until 2025