and international trade
EENI - Business School.
Sub-subject: Russian Economy (industry, energy, banking, transport, customs)
and foreign trade. Syllabus:
- Introduction to the Russian
- Historical background.
- Privatization process
- The Russian Economy today.
- Natural resources.
- Russian energy sector.
- International Trade of Russia.
- Russian Customs.
- The Customs Union among Russia, Belarus, and Kazakhstan.
- International Relations of the Russian Federation: the APEC, the Eurasian Economic Union (EEU),
the Eurasian Economic Community (EurAsEC), the Commonwealth of Independent States,
the Shanghai Cooperation Organization (SCO), and the Organization of the Black Sea Economic Cooperation.
- Free Trade Agreements (FTA) with Armenia and Serbia.
- Case Study:
- Automotive Industry in Russia.
- Gaz Group.
- Vladimir Potanin
- Helena Baturina
- Alexander Lebedev
Sample of the Sub-subject: Russian Economy:
Sub-Subject Description - Russian Economy:
- Russia is one of the BRICS (Brazil, Russia, India, China, South Africa) markets.
- The Russian Federation has one of the most dynamically developing and attractive
economies in the World.
- Russian GDP (nominal): 2.118 billion dollars (the eighth
largest economy in the World)
- Agriculture 2.2%
- Industry: 36.8%
- Services: 61%
- GDP (purchasing power parity): 3.558 billion dollars (the sixth
- Russian GDP per capita: $ 24,370 (PPP)
- The inflation: 15%
- Russian Federation is the biggest nation in the World
- Russian Federation is a middle revenue nation with a population of 146 millions of people
- Russia is one of the richest countries in raw materials
in the World, many of which are important inputs for an
- Russia accounts for 20% of the production of oil and natural gas in
the World (with large reserves).
- Natural gas production in Russia is expected to grow 10.7% yearly
to 646 billion cubic meters.
- Russia holds the second biggest coal reserves in the World.
- Economic Area of the Orthodox Civilization
Foreign companies or businessperson, wishing to do business in Russia,
Russian mentality. They should take into consideration the Russian
idiosyncrasy, learn to understand the Russian people.
International Trade of Russia.
- Russia can be a great platform to access the former Soviet
Republics of Central Asia (Uzbekistan, Kazakhstan, Turkmenistan)
- Russia is a natural link between Europe and Asia even borders the American continent.
- Exports: 350 billion dollars
- Top destinations of Russian exports: Netherlands, Italy, Germany, Turkey, Ukraine,
the People's Republic of China, and Poland
- Imports: 230 billion dollars
- Russia's main suppliers: China, Germany, Japan, Ukraine, and the United
- Russian Federation is overly dependent on exports of raw
materials: oil, gas, and metals accounting for 80% of its exports, being too sensitive to international fluctuations in prices of these commodities.
- Among the largest importers of Russian gas are Germany, Turkey, Italy, and France.
- 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 Organization,
and the Asia-Pacific Economic Cooperation (APEC)
- 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)