New Findings from Financial University under the Government of the Russian Federation in the Area of Risk Management Described (Barriers And Prospects For The Use of New Genetic Technologies For Food Production: Regulatory Options in The …): Insurance – Risk Management

NewsRx Policy and Law Daily

2022 NOV 15 (NewsRx) -- By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily -- Investigators publish new report on risk management. According to news reporting out of Financial University under the Government of the Russian Federation by NewsRx editors, research stated, “The discovery of new genetic editing technologies (new genetic technologies, NGT) made it possible to change the genetic material of organisms faster, easier, more accurate and cheaper.”

The news reporters obtained a quote from the research from Financial University under the Government of the Russian Federation: “Gene modification in the laboratory has become the most promising method of creating new crops. In all developed countries possessing such technologies, including Russia, the question has been raised for a long time whether NGT should be qualified in the legal field in a different way than previously known traditional methods of genetic engineering, which have been in practice since the 1970s. The Russian and European experience of evaluating technologies in the field of NGT has been studied and summarized in order to overcome the mentioned barriers in the Russian agro-industrial sphere, solve import substitution problems, ensure the sustainable development of domestic breeding and crop production, and realize the competitive advantages available today in Russian legislation for Russian innovative firms and agricultural producers. The options of modernization of the Russian legislation are considered, which would allow to consolidate and develop the successes of domestic scientists and breeders, to make it more stable and safe to provide Russian consumers (as well as importers of Russian food abroad) with high-quality and inexpensive food products.”

According to the news editors, the research concluded: “For the first time, a comparative analysis of studies of new genetic editing technologies in the context of their industrial implementation and legal regulation, basing on analytics from leading European centers and Russian Federation institutions, was carried out.”

For more information on this research see: Barriers And Prospects For The Use of New Genetic Technologies For Food Production: Regulatory Options in The Interests of The Russian Economy. Strategiceskie rešenia i risk-menedžment, 2022,12(4):344-353. (Strategiceskie rešenia i risk-menedžment - http://www.jsdrm.ru). The publisher for Strategiceskie rešenia i risk-menedžment is Real Economics Publishing House.

A free version of this journal article is available at https://doi.org/10.17747/2618-947X-2021-4-344-353.

Our news journalists report that more information may be obtained by contacting T. E. Semenov, Financial University under the Government of the Russian Federation (Moscow, Russia).