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The Russian Federation is a state in Eurasia, bordered by Ukraine, Azerbaijan, Belarus, China, Lithuania, Poland, Estonia, Finland, Norway, Georgia, Kazakhstan, Latvia, Mongolia, North Korea.

Area - 17,151,442 sq. km.

Population - 146,100,000 (as of August 1, 2014).

The national composition of Russia is very diverse. Russians make up 81.53% of the entire population, Tatars - 3.76%, Ukrainians - 2.97%, Chuvash - 1.21%, Bashkirs - 0.92%, Belarussians - 0.82%, Mordovians - 0.73%, Chechens - 0.61%, Germans - 0.57%, etc.

The official (state) language throughout the Russian Federation is Russian. Russia is a multilingual country, its population speaks almost 150 languages. All peoples of the Russian Federation are guaranteed the right to preserve their native language.

Capital city: Moscow (12 678 079)

Five largest cities: St. Petersburg (5 398 064), Novosibirsk (1 625 631), Yekaterinburg (1 493 749), Kazan (1 257 391), Nizhny Novgorod (1 252 236) (as of 01.01.2020)

Economy. The Russia's GDP is 1.658 trillion USD (2018), 6th position in the world. In terms of GDP in PPP per capita, Russia ranked 50th in 2019.

GDP per capita. GNI per capita based on PPP in Russia is 11,326 USD and ranks 64th in the world.

According to the World Bank's "Doing Business" rating, Russia is ranked 28th. Local currency is Russian ruble (RUB).

The average monthly salary in 2020 was 35,361 rubles per month (about 490 USD).

The main sectors of the economy are oil and gas, mining, processing of precious stones and metals, aircraft construction, rocket and space production, nuclear industry, production of weapons and military equipment, electrical engineering, pulp and paper.

Export

Russia exports mainly raw hydrocarbons (at the end of 2019, Russian oil exports amounted to 267.5 million tons). In total, the share of fuel and energy products in the Russian exports accounted for 46.3% versus 45% in 2018), the rest represented by metallurgical and chemical products, machinery and equipment, weapons, food (wheat). In 2018, the volume of agricultural exports from Russia amounted to 25.9 billion USD (an increase by almost 20% against 2017).

Imports

Russia's imports in January-December 2019 amounted to 247.4 billion USD and compared to January-December 2018 it increased by 2.7%. Non-CIS countries accounted for 88.9%, with 11.1% for CIS countries. In the commodity structure of imports, the largest share was represented by the machinery and equipment (46.2%).

Russia Business Directory | List of сompanies at Bizpages

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