Russian economy explained

Russian economy explained

Dubbed as the “billionaire capital of the world,” Russia’s economy comprises of state ownership in different areas. The key to success in Russia’s economy is its vast land resources which accounts to 30 percent of the world’s natural resources. In addition to the country’s energy revenues, Russia has a massive arms industry which has export revenue of $15.7 million in 2013. After suffering a recession 3 years ago, experts projected that Russia’s economy will recover this year.

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