BRICS CCI

I RUSSIA

Russia

RUSSIA

The Russian Federation is the largest of the 21 republics that make up the Commonwealth of Independent States. It occupies most of Eastern Europe and north Asia, stretching from the Baltic Sea in the west to the Pacific Ocean in the east, and from the Arctic Ocean in the north to the Black Sea and the Caucasus in the south. Within this vast expanse lie the largest freshwater lake in the world, rivers and forests teeming with fish and wildlife, awe inspiring volcanoes, and towering mountains. Russia is the largest country of the Earth, with enormous tracts of land, its natural and cultural heritage waiting to be discovered. It is bordered by Norway and Finland in the northwest; Estonia, Latvia, Belarus, Ukraine, Poland, and Lithuania in the west; Georgia and Azerbaijan in the southwest; and Kazakhstan, Mongolia, China, and North Korea along the southern border.

Country Details

President: Vladimir Putin

Area: 17,098,242 km2

Capital: Moscow

Continent: Europe, Asia

Population: 146,330,004 (July 2016)

Government Type: Federal republic, Semi-presidential system, Constitutional republic

Official Language: Russian language

Currency: Russian Ruble

Seasons

  • Maximum Temperature: June-July: 23 Degree C
  • Minimum Temperature: January: -50 Degree C

Trade

IMPORT

Imports in Russia decreased to 12463 USD Million in January of 2015 from 24678 USD Million in December of 2014. Imports in Russia averaged 12760.83 USD Million from 1994 until 2015, reaching an all-time high of 32486 USD Million in December of 2013 and a record low of 2691 USD Million in January of 1999. Imports in Russia is reported by the Central Bank of Russia.

Russia’s main imports are: food (13 percent of total imports) and ground transports (12 percent). Others include: pharmaceuticals, textile and footwear, plastics and optical instruments. Main import partners are: China (19 percent of total imports), Germany (13 percent), the United States (6 percent) and Italy (5 percent).

EXPORT

Exports in Russia decreased to 27510 USD Million in January of 2015 from 37605 USD Million in December of 2014. Exports in Russia averaged 20712.28 USD Million from 1994 until 2015, reaching an all-time high of 50248 USD Million in December of 2011 and a record low of 4100 USD Million in January of 1994. Exports in Russia is reported by the Central Bank of Russia.

Russia economy is highly dependent on exports of commodities with crude oil, petroleum products, and natural gas accounting for 68 percent of total shipments. In 2013, 50 percent of country’s federal budget revenue came from mineral extraction taxes and customs duties on oil and natural gas. Other exports include: nickel, palladium, iron, chemicals, cars, military equipment and timber. Main export partners are: Netherlands (15 percent), Italy (8.6 percent), Germany (8.1 percent) and China (7.8 percent).

TRAVEL

Destinations

  • Saint Basil’s Cathedral
  • Hermitage Museum
  • Moscow Kremlin
  • Suzdal
  • Lake Baikal
  • St Sophia Cathedral, Novgorod
  • Kizhi Island
  • Valley of Geysers
  • Mount Elbrus
  • Trans-Siberian Railway

Travel Guide

Russia has a formidable pool of recreational resources, including natural landscapes of endless variety and inimitable beauty, monuments of history and cultural heritage, unique engineering structures, and unmatched cities, towns and smaller communities. The most popular tourist attractions are the Old Russian cities of Vladimir, Suzdal, Sergiev Posad, Pereyaslavl Zalessky, Rostov, Uglitch, Yaroslavl and Kostroma, the biggest gems of Russia’s Golden Ring. Also high on every tourist’s priority list are itineraries by boat from Moscow to St.Petersburg and the Valaam Island, a central point of religious piligrimage, or to Kizhi, the wonderland of old Russian wooden architecture, the Northern Caucasus and the Black Sea coast, to Mount Elbrus, the Ural mountains, and the Altai country, in different natural settings, from the Black Sea coast (like Gelenzhik and Anapa), the Baltic Sea (Sestroretsk, Komarovo, Zelenogorsk, Svetlogorsk, etc.) to the mountains of the Northern Caucasus (Teberda and Dombai), Ural (Kisegatch and Uveldy) and Altai (Chemal).

In the forest steppe and steppe areas, the invigorating nature is supplemented with refreshing koumiss, which is a favourite drink among the vacationers in Bashkortostan (Aksakovo, Yumatovo and Shafranovo).