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The article is devoted to solving the problem of provision of food security of modern Russia. The purpose of the article is finding the solution to this problem and determination of the role of import substitution in provision of food security of modern Russia. This purpose is achieved with the following tasks: analysis of the influence of the Russian production on provision of economic security of modern Russia, allocation of the problem of development of food production in Russia, and development of the strategy of import substitution for provision of food security of modern Russia. The authors use the method of factor analysis for determination of the role of import substitution in provision of food security in modern Russia. In order to determine the perspectives of the increase of food security of modern Russian by means of import substitution, the authors use the method of economic & mathematical modeling and forecast which allows forming the model of the Russian food market as of now and forecast its changes in future within the framework of implementation of the import substitution strategy. As a result of the research, the authors develop the strategy of import substitution and build a graphical scheme of its realization in modern Russia. A key conclusion of the conducted research is a proof that import substitution plays an important role in provision of food security of modern Russia, as it allows reducing the dependence from import and develop the internal food production under the condition of the payback of invested assets, which reflects high effectiveness of the import substitution tool in provision of food security of modern Russia. DOI: 10.5901/mjss.2016.v7n1s1p265

Role of Import Substitution in Provision of Food Security of Modern Russia