Russian Federation

Герб
 Флаг
 

Coat of arms: the two main elements of Russian state symbols (the two-headed eagle and the mounted figure slaying the dragon) predate Peter the Great. Today, however, the official description does not refer to the rider on the central shield as representing Saint George, mainly in order to maintain the secular character of the modern Russian state.

It was adopted officially on November 30, 1993.

Flag: is a tricolor flag consisting of three equal horizontal fields: white on the top, blue in the middle, and red on the bottom. The white color symbolizes nobility and frankness, the blue for faithfulness, honesty, impeccability and chastity, and red for courage, generosity and love.
 
  • Anthem: «State Anthem of the Russian Federation» is the name of the official national anthem of Russia. It uses the same music as the «State Anthem of the Soviet Union», composed by Alexander Alexandrov, and new lyrics by Sergey Mikhalkov, who had collaborated with Gabriel El-Registan on the original anthem.
  • Official languages: Russian.
  • Geographical location: it is a transcontinental country in Eastern Europe and North Asia. From northwest to southeast, Russia shares land borders with Norway, Finland, Estonia, Latvia, Lithuania and Poland (both with Kaliningrad Oblast), Belarus, Ukraine, Georgia, Azerbaijan, Kazakhstan, China, Mongolia and North Korea.  
  • Administrative divisions: federal subjects According to the Constitution, the country comprises eighty-five federal subjects, including the disputed Republic of Crimea and federal city of Sevastopol. Federal subjects are grouped into eight federal districts, each administered by an envoy appointed by the President of Russia.
  • Capital: Moscow.
  • Governance: the politics of Russia take place in the framework of the federal semi-presidential republic of Russia. According to the Constitution of Russia, the President of Russia is head of state, and of a multi-party system with executive power exercised by the government, headed by the Prime Minister, who is appointed by the President with the parliament's approval. Legislative power is vested in the two houses of the Federal Assembly of the Russian Federation, while the President and the government issue numerous legally binding by-laws. 
  • Population: 146.55 million.
  • Currency: Russian ruble.
  • GDP: $1.281 trillion.
  • Time zone: from GMT +2 to GMT +12.
  • Telephone code: +7.
  • Barcode: 460 — 469.

 

Trade and economic cooperation Belarus and the Russian Federation

Russia's economic performance (2016):

  • GDP per capita — $26 490;
  • Foreign debt — $51.3 billion;
  • Exports — $285.5 billion;
  • Imports — $182.3 billion.

In general, relations between Belarus and Russia are strategic and friendly. These countries are founding members of the Union State, Eurasian Customs Union and Eurasian Economic Union.

There are about 2 500 companies with Russian capital in Belarus.

Russia is the main trade partner of Belarus. It accounts for 51.3% of Belarus's total turnover (total turnover is $51.04 billion), 44.9% of Belarus's total exports (total exports are $23.71 billion) and 56.9% of Belarus's total imports (total imports are $27.33 billion).

Almost all goods, manufactured in Belarus, are supplied to Russia.

Belarus's most valuable products, imported by Russia in January — October 2017:

  • Cheese and curd — $641.1 million;
  • Trucks — $603.1 million;
  • Butter — $345.9 million;
  • Milk and cream, concentrated — $325.2 million;
  • Fresh or chilled beef — $280.9 million;
  • Tractors and semi-tractors — $235.1 million;
  • Spare parts to cars and tractors — $198.9 million;
  • Milk and cream, not concentrated — $189.5 million;
  • Packings of plastics — $172.6 million;
  • Meat and edible offal of poultry — $162.9 million.

Belarus's most promising products to export to Russia:

  • Fresh and chilled meat;
  • Fresh and chilled meat of poultry;
  • Fresh and chilled fish;
  • Milk and cream, concentrated;
  • Butter;
  • Prepared or preserved meat;
  • White sugar;
  • Processed petroleum oils;
  • Medications;
  • Leather footwear;
  • Machinery and equipment;
  • Cars;
  • Trucks;
  • Furniture.

In January — October 2017, Russian exports to Belarus increased by $2.99 billion to $15.54 billion as compared to January — October 2016.

Russia's most valuable products, imported by Belarus:

  • Crude oil — $4.2161 billion;
  • Gas — $2.3735 billion;
  • Processed petroleum oils — $808.5 million;
  • Cars — $426.1 million;
  • Ferrous waste and scrap — $306.7 million.

Belarus has a trade deficit in trade with Russia. In January — October 2017, the trade deficit increased by $1.210 billion to $4.9 billion as compared to January — October 2016.

In 2016, trade in services between Belarus and Russia decreased by 4.6% to $3.52 billion as compared to 2015. Belarusian exports of services decreased by 5.2% to $2.36 billion in 2016. Russian exports of services decreased by 3.3% to $1.16 billion. Trade surplus was $1.2 billion.

Russia accounts for 36.4% of Belarus's total trade in services (total trade in services is $9.68 billion), 37.9% of Belarus's total exports of services (total exports of services are $6.23 billion) and 33.7% of Belarus's total imports of services (total imports of services are $3.44 billion).

The most provided services are transport services — $1.5 billion (exports decreased by 2.6% as compared to 2015), construction services — $271.8 million (exports decreased by 9.4% as compared to 2015), IT services — $160.6 million (exports decreased by 10.6% as compared to 2015), travel services — $98.6 million (exports increased by 3.9% as compared to 2015).

 

This article has been prepared on the basis of information provided by the National Centre for Marketing and Price Study of the Ministry of Foreign Affairs, and the Embassy of the Republic of Belarus in the Russian Federation, and taken from public sources. The information presented herein is for informative purposes only. In this regard, it may be useful for the companies, which have been working in Russia for a long time, as well as for those, which are going to enter this market. Any questions, feedbacks and comments concerning this article are welcome. All of them will be fully considered and taken into account, if possible. If you have any information that may be interesting and useful for the visitors of this page, please write to us.

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Administration of Export.by

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