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  • RUSSIAN FEDERATION

  • Russian Federation

    Russian Federation

    DEVELOPMENT CHALLENGES 

    Between the financial crisis that struck Russia in 1998 and the global financial crisis in 2008-2009, Russia experienced the strongest decade of growth in its history. On average, GDP grew by nearly 7% annually over this period. A solidly “upper-middle” income country, Russia’s GNI per capita has grown steadily, from US$5,820 in 2006 to US$9,910 in 2010. The country also has a “high” Human Development Index (HDI) of 0.755, placing it in 66th place of 187 countries. However, the global financial crisis was severely felt in Russia, due to overlapping internal and external factors, and reduced the long-term trajectory of the Russian economy. The country therefore continues to face some development challenges.

    • Poverty and inequality
    • High unemployment and a large gender pay gap
    • Skills gap
    • Inefficient public administration and a large informal sector
    • Environmental issues

    KEY TRADE ISSUES 

    • Product concentration and low productive capacity
    • WTO accession and regional integration
    • Limited access to finance
    • Cumbersome regulatory and business environment

    GOVERNMENT PRIORITIES 

    The Government is currently developing the concept of Russia’s Social and Economic Development up to 2020.

    The Government’s priorities are to:

    • Overcome the global financial and economic crisis;
    • Support pensioners and low-income families;
    • Implement macroeconomic and youth policies;
    • Provide affordable housing;
    • Encourage a healthy lifestyle;
    • Develop the space and defence industries;
    • Reduce excessive administrative barriers;
    • Promote sports and culture;
    • Fight against drought and wildfires;
    • Support agricultural development
    • Support small and medium business;
    • Develop infrastructure;
    • Ensure regional development; and
    • Integrate the country into the global economy.

    More detailed information on the Russian Federation can be found here. 

    Trade and Tariff Graphs

    Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.
    Trademap sample Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
    Trademap sample Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
    Market access map sample Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

    Trade and Investment Data

    Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

    Trade Information Sources

    A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

    Trade Contacts

    The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.