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Showing posts with the label Eurasian Economic Union

Exploring Russia's Role in World Affairs

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Exploring Russia's Role in World Affairs Russia is a country with a long and storied history, which has had a profound impact on world affairs. From the Cold War and the dissolution of the Soviet Union to their continued presence in global geopolitics today, Russia’s role in world affairs has played an important role in shaping the modern world. In this article, we'll take a closer look at Russia's role in global affairs, and how it has influenced the way the world works today. Russia’s ties to the world date back centuries. After emerging from centuries of Mongol conquest, the Tsar of Russia- Ivan IV the Terrible- established the country’s hegemonic role in Northern Eurasia. He unified the region under a powerful dynasty of Romanov Tsars, who ruled Russia until the Bolshevik Revolution of 1917. Russia was a major power in Europe during this period, and was a major player in global politics, with a large empire stretching across Eastern Europe and Central Asia. The end o...

Understanding the Russian Economy

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Understanding the Russian Economy Russia is one of the world’s leading economies and the largest country, covering an area of 6.6 million square miles. Its economy has seen its fair share of ups and downs throughout the years, from Communism to privatization and from boom-times to the economic crisis of the 1990s. But, despite this rocky road, Russia has managed to survive and rebuild, and is now an emerging economy that is on the rise. But what exactly makes up the Russian economy? Russia has a market-based economy that relies heavily on exporting oil and natural gas, which make up over 60% of the country’s total exports. Manufacturing, agriculture and construction also play an important role in the economy, accounting for more than 20% of GDP. Services make up a further 13% of GDP, with most businesses in the sector operating as small and medium sized enterprises (SMEs). Russia is the world’s largest exporter of natural resources, and the country’s primary export markets are Europ...