RUSSIAN FEDERATION

Global Business

Environment

Russia

Capital city: Moscow

Population: 143,030,106

Area: 17,098,200 sq. km

Language: Russian + more than 140 dialects

Currency: Russian ruble (RUB)

Nationalities: 81% Russians, 19% - Tatars, Ukrainians, Bashkirs & others

Religion: Russian Orthodox (also Islam, Judaism, Roman Catholicism, Protestant, Buddhist)

Getting to know Russia

Russia

Mount Elbrus

Village life

Winter time

Russia in pictures

National economy

Russia’s GDP: $2 373 trillion (7th in the world)

GDP growth rate : 4.3 % GDP per capital: $16 700 Unemployment rate:

6.8%

Agricultural

products

Beef

Sugar beets

Milk

Fruit

Vegetables

Sunflower seed

Grain

Russia possesses more forests than any country in the world, which cover 55% of the land area. • Timber• Paper• Paperboard• Wood-based panels exports

Russian economy: Statistics

GNI per capita: Russia ($9 900)

Sector Percentage

Services 59%Industry 37%Agriculture 4%

Russia – one of the world's largest

exporter:

1. Natural gas2. Oil3. Steel4. Coal

Industries in Russia

1990s: free market system; 1998: serious financial

crisis; Main industries are: coal,

oil, gas, chemicals, and metals;

High-performance machine building: aircraft and vehicles;

Fast growing sustainably after 1998 over 9 averaging about 7%;

Road & rail transportation equipment;

Communications equipment;

Agricultural machinery;

Electric power generating;

Transmitting equipment;

Medical & scientific instruments;

Defense industries: • radars,• missile production,• advanced electronic

components;

Industries in Russia

Foreign TradeRussia and the USA In 2010: trade grew

to $31.7 (an 35% increase);

U.S. imports from Russia grew 41% year;

Exports to Russia increased 13% (to $6 billion);

Russian exports to the U.S.:• Fuel oil;• Inorganic chemicals;• Aluminum;• Precious stones.

U.S. exports to Russia:• Machinery;• Vehicles;• Meat;• Aircraft;• Electrical

equipment;• High-tech

products.

Russia in WTO since 2011

WTO members EU and WTO members Observers

Russia has committed to reduce its import and export tariffs.

Russian import duties will decrease from the current 10 per cent to

7.9 percent.

Main trade partners around the world

Russian main exports are petroleum and petroleum products, natural gas, metals, wood and wood products, chemicals, and a wide variety of civilian and military manufactures.

Export partner Percentage

Germany 8.2%Netherlands 6%USA 5.6%China 5.4%Turkey 4.6%Import partner Percentag

eGermany 14.7%China 13.5%Ukraine 5.5%Italy 4.7%Belarus 4.5%

Foreign Trade

Russian Culture

Russian Culture

Politics Russia is a federal multiparty republic with a bicameral

legislature; An upper house is called the Federation Council, and a

lower house, the State of Duma; The Russian president is the chief of state; Vladimir Putin was again elected as a new president; The president is now elected for a period of six years by

the citizens of the Russian Federation; An implementation of monetary policies is the

responsibility of the government;The major political parties of

Russia are: Liberal Democratic Party of

Russia; Communist Party of

Russian Federation; Agrarian Party of Russia; Communist Party of the

Russian Federation; Russian Social Justice Party.

Legal issuesThe Federal Assembly, the Parliament of the Russia Federation, is the supreme legislative body of the Russian Federation.

The Federal Assembly consists of two chambers, the Federation Council and the State Duma.

The State Duma is elected for the term of five years (incl. 450 deputies). The Federation Council consists of two representatives from each Subject of the Federation.

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