Eurasia
Russia, country that stretches over a vast expanse of eastern Europe and northern Asia. Once the preeminent republic of the Union of Soviet Socialist Republics (U.S.S.R.; commonly known as the Soviet Union), Russia became an independent country after the dissolution of the Soviet Union in December 1991. Since becoming independent, Russia has undergone significant political, economic, and social changes. The transition from a socialist to a capitalist economy has been marked by challenges and successes, as the country navigates its way through the complexities of globalization and modernization.
The Russian flag is a horizontal triband. The used colors in the flag are blue, red, white. The proportion of the Russian flag is 2:3. The Flag of Russia was adopted in 1991. The first use of the current flag design was in 1700. The last change to the current Russian flag design was in 1993.
The “State Anthem of the Russian Federation“ is the national anthem of Russia. It uses the same melody as the “State Anthem of the Soviet Union”, composed by Alexander Alexandrov, and new lyrics by Sergey Mikhalkov. After Vladimir Putin, first took office on 7 May 2000, the federal legislature approved the music of the National Anthem of the Soviet Union, with newly written lyrics, in December 2000.
Facts & Stats
Russia is the largest country in the world by area, extending across eleven time zones. It shares land boundaries with fourteen countries.
Российская Федерация (Russian Federation)
Russian
Moscow
147,182,123 (2021 Census)
Federal semi-presidential constitutional republic
President: Vladimir Putin
Ruble (₽) (RUB)
17,098,246
Information
Explore Essential Insights, National Statistics, Russia’s Position
on the World Stage and Governmental Structure.
Russia plays a key role in the OPEC+ alliance by collaborating with OPEC and non-member oil-producing nations to set production quotas and policies. This cooperation aims to stabilize global oil prices and ensure a balanced supply. With its significant oil production capacity and commitment to OPEC’s goals, Russia strengthens the influence and effectiveness of OPEC+ decisions internationally.
Russia is an active member of many global and regional organizations and fora (the UN system, the WTO, the IMF, the World Bank, Asia-Pacific Economic Cooperation (APEC), the Commonwealth of Independent States (CIS) and others).
Working alongside the foremost investors, we make direct investments in leading, as well as promising, Russian companies. RDIF was created in 2011 under the leadership of the President and Prime Minister of Russia to co-invest alongside top investors, acting as a catalyst for direct investment in Russia.
Russia is home to a vibrant array of trade and professional organizations that act as essential hubs for the advancement of industry, the promotion of policy interests, and the facilitation of global trade engagement. These associations play a crucial role in nurturing commercial ties, establishing benchmarks of professional excellence, and equipping their members with a wealth of resources and opportunities for networking. Through the collaboration of industry front runners and specialists, these Russian bodies play a significant part in driving the country’s economic expansion and bolstering its international trade footprint.
These entities hold a pivotal position in advocating for the concerns of enterprises and experts spanning a diverse array of industries, encompassing both the agricultural and technological domains.