Risk Management - Articles
Russia. An overview on Russian economy and business environment
May 18th 2020
Russia is the largest country of the world, bordering the Arctic Ocean, extending from Europe (the portion west of the Urals) to the North Pacific Ocean.
Russia has undergone important changes since the collapse of the Soviet Union, moving from a centrally planned economy towards a more market-based system. Both economic growth and reform have stalled in recent years, however, and Russia remains a predominantly statist economy. Economic reforms in the 1990s privatized most industry, with notable exceptions in the energy, transportation, banking, and defense-related sectors. Economic growth accelerated in Q4 2019, but although monthly economic activity indicators and industrial production data point to sustained growth impulse in January and February 2020, the fast-spreading global Covid-19 pandemic brought a sharp economic decrease in March.
In this complex business disclosure environment, only the most credited and trusted business information sources can successfully support you in retrieving information on Russian companies. SkyMinder local sources are the most expert and trusted in the country.
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