The introduction against Russia of "food sanctions" promoted the interest of scientists to analyze such scientific categories as "risks" and "threats" in the agricultural sector of the economy in terms of import substitution. Largely, the introduction of food sanctions is intended to reorient Russia's foreign trade markets in order to find suppliers that are free from the current political environment. Reducing competition should help domestic agricultural producers to work effectively and reach a leading position in their food segment. The importance to study the emerging risks and threats in relation to the regional food supply system in the process of import substitution is connected with the fact that without proper understanding and analysis, a significant number of problems of economic, social and managerial relations in the food turnover both within the state and within the borders of a separate region can arise. In the article, the authors attempt to show the risks and threats of food security in the region in modern economic conditions.

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