Russia Economic Policy

Location of the Russian Federation

After falling deeply in the 1990’s, Russia had recovered economically. In addition to the stronger oil price, an increase in industrial production, domestic consumption and increasing investment activity had also contributed. Corruption and bureaucracy, however, hamper the country’s economic development. The long-awaited transformation into a high-tech state is still missing. Structural deficits, financing problems and trade restrictions through sanctions are holding back economic growth. Policy Major economic reforms were carried…

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Russia Everyday Life

Russia 500 ruble bill

Currency: Russian ruble (RUB) Exchange rate: 90 per € (12.2020) Time zones: UTC +3 to UTC +12 Country code (phone): 007 Climate (for capital): continental Everyday life As national holidays of June 12 be the day on which the Russian SFSR in 1990 declared its state sovereignty and “the people Unity Day”, which is reminiscent of the so-called November 4, to the liberation of Moscow in 1612 by Polish-Lithuanian foreign…

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Travel to Russia

Russia Foods

Entry restrictions due to COVID-19 To contain the coronavirus, entry of foreigners was severely restricted from March 18 to May 1, 2020. Only a few groups of people are still allowed to enter: people with permanent residence permits, official delegations, employees of embassies and transit travelers. On April 29, the entry restrictions on foreigners were indefinitely extended. The air traffic in the EU and Germany is heavily restricted Service. German…

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Russia Health

Overview map Russia

According to the law, emergency treatment in state clinics is generally free of charge, but the state clinics often do not meet the German standard in terms of equipment. In Moscow, St. Petersburg and some other large cities there are some, mostly private hospitals, which also meet higher demands in terms of accommodation and technical and professional equipment. As a rule, knowledge of Russian is required in medical care facilities.…

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Russia Religion and Culture

Children in the Orthodox Church

Culture The most important Russian writers include Alexander Pushkin, Fyodor Dostoyevsky, Lev Tolstoy, Nikolaj Gogol, Anton Chekhov, Maxim Gorky, Vladimir Nabokov, Mikhail Bulgakov, Boris Pasternak and Alexander Solzhenitsyn. In painting, among others, Wassily Kandinsky, Kasimir Malewitsch and Marc Chagall achieved fame that reached far beyond the country’s borders. The largest collections of Russian art are in the Tretyakov Gallery in Moscow and in the Russian Museum united in St. Petersburg.…

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Russia Education

Moscow State University

Languages Russian is the only official language used everywhere. At the same time, the respective vernacular is used as the second official language in the individual autonomous republics (such as Tatar, Bashkir, Buryat, Mari etc.) The languages of the small indigenous peoples are protected by law. In the European part of Russia there are three linguistically different areas: Northern, Central and Southern Russia, which are further divided into individual dialects.…

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Russia Demographics

Dance lessons in the Montessori kindergarten in Moscow

The natural population development has been characterized by low birth rates and rising death rates since the end of the 1980’s. The lower fertility rate and the persistently high death rate associated with inadequate medical care, poor nutrition, alcoholism and environmental pollution were the causes of the demographic crisis. The decline has affected the ethnically Russian population more than most non-Russian ethnic groups. This means that the balance between the…

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Russia Economic Sectors

One of the many construction sites in Moscow

Estimated GDP: US $ 1,572 billion (2019) Per capita income (purchasing power parity): US $ 25,036 (2019) Human Development Rank (HDI): Rank 49 (of 189) (2019) Proportion of poverty (less than $ 2 per day): 0.1% Distribution of income (Gini coefficient): 37.7 (2019) Economic Transformation Index (BTI): Rank 50 (of 137) (2020) The most important economic sector is trade, hospitality and transport with 30.3% of the gross domestic product. Financing,…

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Russia Economy Overview

GUM shopping center in Moscow

Russia is one of the largest producers of raw materials in the world and has significant resources with a quarter of the world’s gas reserves (25.2%), around 6.3% of the world’s oil reserves and the second largest coal reserves (19%). The lack of diversification of the Russian economy leads to a disproportionately high dependence of economic development on the income from the sale of oil and gas. Raw materials represent…

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Russia Foreign Policy Part III

Russian flag

United States Security and disarmament policy remain at the forefront of cooperation with the USA. In 2007, relations with the US reached their lowest level in years: Putin saw the US plan to station a missile shield with bases in Poland and the Czech Republic as a project directed against Russia and a threat to global security. In 2009, however, both sides were converging again: the administration under Barack Obama…

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