About Russia

The Russian Federation (“Rossiyskaya Federatsiya”), commonly known as Russia (“Rossiya”), is a transcontinental country that extends over the large part of the northern Eurasia (Asia and Europe). Russia is the largest country in the world by land area and has the world’s ninth-largest population.

Russia is by far the largest country in the world, covering almost twice the total area of the next-largest country, Canada, and has significant mineral and energy resources. The Russian Federation comprises 85 federal subjects that have great need in infrastructure investments in roads, hospitals, sport centers, etc. After the Soviet era, the area, population, and industrial production of the Soviet Union that were located in Russia passed on to the Russian Federation. Russia has an extensive coastline of over 23,000 miles (37,000 kilometers) along the Arctic and Pacific Oceans, as well as the Baltic, Black and Caspian seas. Multiple transport routes connect Russia with countries all over the world.

Russia borders with Korea, China, Kazakhstan, Mongolia, Azerbaijan, Georgia, Ukraine, Belarus, Poland, Lithuania, Latvia, Estonia, Finland, and Norway.

Russia has a developed, high-income market economy. It has one of the top ten largest economies in the world and the 6th largest economy by purchasing power parity. Since the turn of the 21st century, higher domestic consumption and greater political stability have bolstered economic growth in Russia. Nowadays Russia is an enormous market for foreign goods and investments. According to the statistics from the International Monetary Fund’s World Economic Outlook Database, Russia’s total GDP amounted to $3.474 trillion in 2015.

Thanks to the well-developed hydroelectricity production this country is the 5th largest renewable energy producer. In addition to that Russia is the 3rd largest electricity producer in the world. As far as the renewable energy is concerned the Volga River is famous for its large cascades of hydropower.

28 Russian corporations rank among Forbes Global 2000 for 2015 in different sectors such as oil, gas, telecommunications, iron, steel. However nowadays Russian government does its utmost to increase the export of non-oil products. With its vast territories rich in natural resources, its multinational culture and abundance of great minds and hardworking people Russia is an exceptional country to build political and business relations with as well as travel and explore is territory. Lately the Russian Federation has focused on the development of new opportunities for international cooperation overseas. One of the most attractive regions of the world for Russia is the South and South-East Asia.