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Russia has undergone significant changes since the collapse of the Soviet Union, moving from a globally-isolated, centrally-planned economy to a more market-based and globally-integrated economy. Economic reforms in the 1990s privatized most industry, with notable exceptions in the energy and defense-related sectors. Nonetheless, the rapid privatization process, including a much criticized "loans-for-shares" scheme that turned over major state-owned firms to politically-connected "oligarchs", has left equity ownership highly concentrated. The protection of property rights is still weak and the private sector rema...  More..

Economy of Russia
SOURCE: CIA - The World Factbook
Currency Ruble
Fiscal Year 01 January - 31 December
GDP (PPP) $2.116 trillion (2009 est.)
GDP (per capita) $15,100 (2009 est.)
Exports $295.6 billion (2009 est.)
Imports $196.8 billion (2009 est.)
Main Industries Complete Range Of Mining and Extractive Industries Producing Coal, Oil, Gas, Chemicals, and Metals; All Forms Of Machine Building From Rolling Mills To High-performance Aircraft and Space Vehicles; Defense Industries Including Radar, Missile Production, and Advanced Electronic Components, Shipbuilding; Road and Rail Transportation Equipment; Communications Equipment; Agricultural Machinery, Tractors, and Construction Equipment; Electric Power Generating and Transmitting Equipment; Medical and Scientific Instruments; Consumer Durables, Textiles, Foodstuffs, Handicrafts
Exports - Commodities Petroleum and Petroleum Products, Natural Gas, Wood and Wood Products, Metals, Chemicals, and A Wide Variety Of Civilian and Military Manufactures
Imports - Commodities Vehicles, Machinery and Equipment, Plastics, Medicines, Iron and Steel, Consumer Goods, Meat, Fruits and Nuts, Semifinished Metal Products
Exports Partners Netherlands 12.2%, Italy 9%, Germany 6.9%, Turkey 5.9%, Ukraine 5%, China 4.5%, Poland 4.3% (2008)
Imports Partners China 12.9%, Germany 12.6%, Japan 6.9%, Ukraine 6%, US 5.1%, Italy 4.1% (2008)

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