Capital: Moscow ; GDP growth (annual %) 2016 : -0.2%
Key Facts

Full name: Russian Federation
Population: 142.8 million (UN, 2011)
Area: 17 million sq km (6.6 million sq miles)
Major language: Russian
Major religions: Christianity, Islam
Life expectancy: 63 years (men), 75 years (women) (UN)
Monetary unit: 1 rouble = 100 kopecks
Main exports: Oil and oil products, natural gas, wood and wood products, metals, chemicals, weapons and military equipment
GNI per capita: US $9,900 (World Bank, 2010)
Internet domain: .ru
International dialling code: +7

  • Climate change laws around the world


    There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

    The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

  • Brexit negotiations should treat energy as ‘special case’


    There are strong practical reasons why the UK and EU should treat energy as a appropriate case during Brexit negotiations, argues a new statement.

    The statement, jointly authored by Chatham Home, the University of Exeter and the UK Energy Research Centre (UKERC), says finding common ground on energy during the Brexit negotiations would benefit both the UK and remaining EU27, while compromise may be relatively easier to achieve than for other areas.

  • Russia’s economy will shrink by close to 5 % this year,

    Russia’s economy will shrink by close to 5 % this year, the European Bank for Reconstruction and Development has said in its new estimate, while average increase for eastern Europe and the former Soviet Union will fall into negative territory for the initial time since 2009.

    The development bank for the former communist bloc said plunging oil prices and western sanctions would lead to a contraction in Russia of 4.8 % this year, compared with its September estimate of a 0.2 % drop.
  • The middle of 2013 was a difficult time for emerging markets


    The Russian sovereign dispensed with a pre-transaction roadshow for the initial time to speed up the issuance process during heightened market uncertainty and still managed a heavily oversubscribed transaction that included a debut euro tranche.

    The middle of 2013 was a difficult time for emerging markets. Expectations that the US Federal Reserve was about to taper its bond-buying programme sent deficit prices lower across the emerging market spectrum. New issuance dried up and at the same time as issuers did come to market, they were forced to pay a hefty premium.

  • G-20 Draft Urges Job Training, Infrastructure Spending


    Leaders of the Group of 20 conference in Russia will consider endorsing a strategy for long-term economic increase that emphasizes steps such as infrastructure spending and job training.

  • G20 gets 'action plan' to fight tax avoidance


    The OECD has presented the G20 nations with a bold strategy to crack down on tax avoidance by corporate giants and the superrich, and so boost overstretched national budgets.

    The G20 group of emerging and advanced nations -- inclunding the US, EU, China and Russia -- had asked the Organisation for Economic Cooperation and Improvment(OECD) approaching up with the action plan next agreeing before this year to focus on tax avoidance. 

    The OECD said Friday that governments had to better align tax regulations to prevent large investors from parking huge sums in tax havens.