Russian Economy and international trade

EENI Business School & HA University

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Syllabus of the Subject: Russian Economy (industry, energy, banking, transport, customs) and foreign trade.

  1. Introduction to the Russian economy
    1. Historical background
  2. Russia and the BRICS Countries
  3. Russian Privatisation Process
  4. Russian Economy today
  5. Russian Natural Resources
  6. Agriculture Sector in Russia
  7. Russian Energy Sector
  8. International Trade of Russia
  9. Russian Customs
  10. Customs Union among Russia, Belarus, and Kazakhstan
  11. International Relations of the Russian Federation: APEC, Eurasian Economic Union (EEU), Eurasian Economic Community (EurAsEC), Commonwealth of Independent States, Shanghai Cooperation Organisation (SCO), and the Organisation of the Black Sea Economic Cooperation
  12. Free Trade Agreements (FTA) with Armenia and Serbia
  13. Case Study:
    1. Automotive Industry in Russia
    2. Gas Group

Russian Businessman:

  1. Vladimir Potanin
  2. Helena Baturina
  3. Alexander Lebedev
The Subject (e-learning) “Russian Economy and Foreign Trade” is part of the following Higher Education Programs taught by EENI (Business School) and the Hispano-African University of International Business:
  1. Doctorate: Europe
  2. Course: Russia
  3. Bachelor's Degree in International Trade (e-learning)
  4. Masters (e-learning): International Business, Europe, BRICS Countries, Pacific

Master for the Russian Students

Languages of study Higher Education in English (Post-secondary Education in French Russie Tertiary Education in Spanish Rusia)

  1. Credits of the subject “Russian Economy”: 2 ECTS Credits
  2. Duration: two weeks

Мастер в Международном Бизнесе

Sample of the Subject: Russian Economy
Russian Economy

Description of the Subject (Higher Education, e-learning): Russian Economy

Russian Economy.

  1. Russia is one of the BRICS (Brazil, Russia, India, China, 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: 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 the production of petroleum and natural gas in the World (with large reserves)
  11. The petroleum production in Russia is expected to grow 10.7% yearly to 646 billion cubic metres
  12. Russia holds the second largest coal reserves in the World

Russia belongs to the Economic Area of the Orthodox Civilisation

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.

International 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 destinations of the Russian exports: Netherlands, Italy, Germany, Turkey, Ukraine, the People's Republic of 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 exports of raw materials: petroleum, gas, and metals accounting for 80% of its exports, being too sensitive to international fluctuations in prices of these commodities
  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), the Commonwealth of Independent States, the Eurasian Economic Community, the Shanghai Cooperation Organisation, and the Asia-Pacific Economic Cooperation (APEC)
  10. The Customs Union between Russia, Kazakhstan, and Belarus came into force 2010 with the objective to foster economic integration and remove all customs borders between Belarus, Kazakhstan, and Russia. (See also: Union State Russia-Belarus)

Alexander Lebedev Russian Businessman

Russia International Relations

Russia GAZ Group

Asia-Pacific Economic Cooperation APEC

(c) EENI- Business School & Hispano-African University of International Business