Facing a severe economic and financial crisis
HIGH RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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GDP |
|
|
Population |
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Form of state | Federation | |
Head of government | Vladimir Vladimirovich PUTIN (President) | |
Next elections | 2024, Presidential |

- Abundant natural resources, in particular oil and gas
- More than 20 years of continued current account surpluses (including the crisis years 2009, 2015-2016 and 2020)
- Low public debt

- Geopolitical risks: Russian invasion of Ukraine in February 2022, followed by ongoing severe armed conflict between the two countries. As a result, substantially intensified dispute with the West, including extensive sanctions and counter-sanctions
- Far-reaching structural reforms still outstanding
- High vulnerability to global oil price shocks
- Prone to capital flight
- Exchange rate remains vulnerable to volatility and sudden depreciation
- Poor rule of law and high level of perceived corruption
Trade structure by destination/origin
(% of total, annual 2020)
Exports | Rank | Imports |
---|---|---|
China
14.3%
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1 |
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Netherlands
7.3%
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2 |
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United Kingdom
6.7%
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3 |
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Germany
5.4%
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4 |
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Belarus
4.6%
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5 |
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Trade structure by product
(% of total, annual 2020)
Exports | Rank | Imports |
---|---|---|
Petroleum, petroleum products and related materials
42.1%
|
1 |
9.2%
Road vehicles
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Iron and steel
7.6%
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2 |
7.9%
Other industrial machinery and parts
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Non-ferrous metals
6.1%
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3 |
7.0%
Electrical machinery, apparatus and appliances, n.e.s.
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Coal, coke and briquettes
4.4%
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4 |
4.9%
Specialised machinery
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Cereals and cereal preparations
3.3%
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5 |
4.9%
Telecommunication and sound recording apparatus
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LATEST NEWS ABOUT RUSSIA
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Global trade: Battling out of demand and price shocks
25 March
The invasion of Ukraine and renewed Covid-19 outbreaks in China are hitting global trade with a double whammy in 2022: lower volumes and higher prices.
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Russian dolls: unwrapping corporate (commodity) dependencies
22 March
If oil and energy prices, as well as non-energy commodity prices, remain high, the metals and power sectors are most at risk of a profitability shock.
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Economic Outlook: Energy, trade and financial shockwaves
18 March
Allianz Research now expects global GDP growth of +3.3% in 2022 and +2.8% in 2023 as the Russian invasion of Ukraine raises geopolitical risks.
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