About Russia

Russia, as a Country, has transformed significantly since the collapse of the Soviet Union. The economy has changed from a globally – isolated, centrally - planned economy to a more globally integrated  market based economy.

Due to energy construction effects, Russian GDP growth reached 2.3% in 2018 and forcasted 1.2% growth in 2019 as well as 1.8% growth for next 2 years i.e. 2020 and 2021.

Russian transformation in last one decade named them “Energy Super Power” and upgraded middle income transition made them world’s largest natural resource holder and second largest exporter of Petroleum Products. The World Bank estimates the total value of Russia's natural resources at $75 trillion US dollars. Russia has an abundance of oil, natural gas and precious metals which leads to exports. Russia has the world's largest proven natural gas reserves and the largest exporter of natural gas. It is also the second-largest exporter of petroleum.

Russia has a large and sophisticated arms industry, capable of designing and manufacturing high-tech military equipment and well established in export market.