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Country Profile

Russia, also officially known as the Russian Federation, is a country in Eurasia, bordering the Arctic Ocean between Europe and the North Pacific Ocean. With 17 million square kilometers, Russia is the largest country in the world by surface area, covering more than one-eighth of the Earth's inhabited land area, and has therefore many different climate zones. With over 144 million people at the end of March 2016, it is the ninth most populous country. Russia's 160 ethnic groups speak some 100 languages, but Russian is the only official language.

Trade Performance

Russia is the 13th largest export economy in the world and the 26th most complex economy according to the Economic Complexity Index (ECI). The top exports of Russia are Crude and Refined Petroleum, Petroleum Gas, Coal Briquettes and Raw Aluminum. Every year the foreign countries receive over 300 million tons of oil and approximately 250 billion cubic meters of gas from Russia. Regarding the import, its top imports are machinery (19.4%), electronic equipment (11.8%), vehicles (8.6%), pharmaceuticals (4.9%) and plastics (4.1%). Major trading partner of Russia include Germany, Italy, China, Turkey, Poland, Switzerland, the United Kingdom, the United States and Finland.

Competitive Industries

Russia's economy consists of the following competitive industries: oil and gas, mining, processing precious stones and metals, aircraft building, aerospace production and so forth. Machine building is the leading industry in Russia, which is concentrated mostly in Moscow. Besides, the petroleum industry in Russia is one of the largest in the world, since Russia is the world's leading natural gas exporter and second largest natural gas producer, while also the largest oil exporter and the largest oil producer. Russian chemical industry also plays an important role in the economic development of the country.

Epec Procurement Manager

SINOPEC International Company Rus LLC
  • Contact Us:Gang Zhao
  • Mobile:+7-9258270927
  • Telephone:+7-495-6623308 ext.504
  • Email:wzzhaog@sinopec.com
  • Address:Profsoyuznaya Street 65, bld.1, 17th floor, area XLII, Moscow, 117342 ,Russia
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