We proved that the normalized Ricci flow does not preserve the positivity of Ricci curvature of Riemannian metrics on every generalized Wallach space with a1+a2+a3≤1/2, in particular on the spaces SU(k+l+m)/SU(k)×SU(l)×SU(m) and Sp(k+l+m)/Sp(k)×Sp(l)×Sp(m) independently on k,l and m. The positivity of Ricci curvature is preserved for all original metrics with Ric>0 on generalized Wallach spaces a1+a2+a3>1/2 if the conditions 4(aj+ak)2≥(1−2ai)(1+2ai)−1 hold for all {i,j,k}={1,2,3}. We also established that the spaces SO(k+l+m)/SO(k)×SO(l)×SO(m) satisfy the above conditions for max{k,l,m}≤11, moreover, additional conditions were found to keep Ric>0 in cases when max{k,l,m}≤11 is violated. Similar questions have also been studied for all other generalized Wallach spaces given in the classification of Yuri\uı Nikonorov.35 pages, 13 figures, 5 table