Russian Economy

Economic Corridors:

1. China-Mongolia-Russia Economic Corridor;
2. Trans-Siberian Railway (Russia, Mongolia, China, North Korea);
3. International North-South Transport Corridor (India-Russia);
4. Eurasian Land Transport Initiative (Silk Road);
5. Almaty-Bishkek Economic Corridor;
6. China-Central Asia-West Asia Economic Corridor;
7. Pan-European Corridor II (Russia-Belarus-Poland-Germany);
8. Pan-European Corridor IX (Finland-Russia-Greece);

The Subject “Russian Economy and Foreign Trade” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): European Business, World Trade.

Course: Orthodoxy and Business.

Masters (MIB): International Business, Foreign Trade.

Ports of Russia, Leo Tolstoy...

Learning materials in ( Russie Rusia).

1. Credits of the Subject “Russian Economy”: 2 ;
2. Duration: two weeks.

Russian Economy.

Russian Economy.

1. Russia is one of the BRICS (Brazil, Russia, India, South Africa) markets;
2. The Russian Federation (Europe) has one of the most dynamically developing and attractive economies in the World;
3. Russian GDP (nominal): 2.118 billion dollars (the eighth largest economy in the World)
   1. Agriculture 2.2%;
   2. Industry: 36.8%;
   3. Services: 61%.
4. GDP (purchasing power parity): 3.558 billion dollars (the sixth worldwide);
5. Russian GDP per capita: $ 24,370 (PPP);
6. Inflation in Russia: 15%;
7. The Russian Federation is the biggest nation in the World;
8. The Russian Federation is a middle revenue nation with a population of 146 million people;
9. Russia is one of the richest countries in raw materials in the World, many of which are important inputs for an industrial economy;
10. Russia accounts for 20% of petroleum and natural gas production in the World (with large reserves);
11. Petroleum production in Russia is expected to grow 10.7% yearly to 646 billion cubic meters;
12. Russia holds the second largest coal reserves in the World.

Russia belongs to the Orthodox Economic Area.

Foreign companies or Businessman, wishing to do business in Russia, will study the Russian mentality. They should take into consideration the Russian idiosyncrasy, and learn to understand the Russian people.

Foreign Trade of Russia.

1. Russia can be a great platform to access the former Soviet Republics of Central Asia (Uzbekistan, Kazakhstan, Turkmenistan);
2. Russia is a natural link between Europe and Asia even borders the American continent;
3. Russian Exports: 350 billion dollars;
4. Top Russian export markets: Netherlands, Italy, Germany, Turkey, Ukraine, China, and Poland;
5. Russian Imports: 230 billion dollars;
6. Russia's main suppliers: China, Germany, Japan, Ukraine, and the United States;
7. The Russian Federation is overly dependent on raw materials exports: petroleum, gas, and metals accounting for 80% of its exports, being too sensitive to international fluctuations in these commodities prices;
8. Among the largest importers of the Russian gas are Germany, Turkey, Italy, and France;
9. Russia is a member of the United Nations (permanent member of the Security Council), Commonwealth of Independent States, Eurasian Economic Community, Shanghai Cooperation Organization, and Asia-Pacific Economic Cooperation (APEC);
10. The Customs Union between Russia, Kazakhstan, and Belarus came into force 2010 with the objective to foster the economic integration and remove all the customs borders between Belarus, Kazakhstan, and Russia (Union State Russia-Belarus).

(c) EENI Global Business School (1995-2023)
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