Business & Economy of Russia
Moscow International Business Center (Москва-Сити) at Moskva River in the western part of the city. Image: Deensel Russia has an upper-middle income economy with state ownership in strategic areas. Following the collapse of the USSR, market reforms in the 1990s led to the privatization of much of Russia's industry and agriculture, with striking exceptions in the energy and defense sectors.
The country's economy is based on oil, gas, precious metals, agriculture, and arms exports. The country relies primarily on energy revenues. Energy makes up 65% of Russia's exports and 25% of its total revenue.
[3] The Russian government controls the oil and gas industries.
Bank of Russia The Central Bank of the Russian Federation.
Moscow Central Stock Exchange The largest exchange group in the Russian Federation.
American-Russian Chamber of Commerce and Industry The U.S.-Russia Chamber of Commerce (USRCC), a 501(c)(6) nonprofit organization headquartered Houston, Texas.
Chamber of Commerce and Industry of the Russian Federation Our goal is to promote the growth of the Russian economy, clear trade barriers, and support investment initiatives.
Russian National Trade Point Russia Foreign Trade Center is included in the World Trade Point Federation (
WTPF).
Major Russian Companies The three largest Russian companies are active in the oil and gas sector. Two of them are State-owned enterprises.
Gazprom Russian energy company majority-owned by the government, headquartered in Saint Petersburg. The company has several hundred subsidiaries and affiliated companies in Europe and Central Asia.
[4] Lukoil Lukoil is the largest non-government owned company group in Russia; the multinational energy corporation is based in Moscow.
Rosneft Russian oil and gas company whose majority stake is held by the state-owned company Rosneftegaz JSC.
Rostec Russian state company for the development, production, and export of high-tech industrial products for the civil and military sectors.
Sberbank Sberbank is a Russian financial conglomerate and the largest multinational bank in Russia and Central and Eastern Europe.
VTB Bank Russian universal bank with a wide range of banking services.
x5 X5 Retail Group is one of the leading Russian multi-format food retailers. The group manages the supermarkets of several retail chains.
Magnit Big Russian retail group, mainly active in the European part of Russia.
Rosseti Russian power utility headquartered in Moscow.
AvtoVAZ Russian car manufacturer, known mainly for the production of Lada vehicles.
United Aircraft Corporation UAC is a Russian aerospace and defense consortium consisting of the largest aircraft manufacturers in Russia, Sukhoi, Mikoyan-Gurevich, Tupolev, Ilyushin, and Irkut.
For more major Russian companies, see this
list.
Transportation Space Roscosmos The Roscosmos State Corporation for Space Activities is in charge of a broad spectrum and different types of space flight and cosmonautics programs.
Air Aeroflot The Russian flag carrier.
East Line Group Group of companies for air transportation and airport management at Domodedovo International Airport.
Rossiya Airlines The Russian airline is headquartered in Saint Petersburg.
Siberia Airlines (S7 Airlines)
Russia's biggest domestic airline.
Transaero Transaero Airlines was a Russian airline; it filed for bankruptcy on 1 October 2015.
Ural Airlines Russian airline based in Yekaterinburg.
UTair UTair is a Russian low-cost airline and one of the five largest air carriers; it is the largest Russian helicopter airline.
Moskovsky railway terminus in Saint Petersburg. Image: A.Savin Rail Russian Railways The official website of Russian Railways (JSC), with information on passenger and freight transportation, online services, infrastructure, and railway maps. The wholly state-owned railway is Russia's fifth-largest company.
Railway Ticket Reservation Center Railway adventure in Russia.
Trans-Siberian Railway Railway guide with a photo-gallery of stations, views, and bridges.
Vladivostok icebreaker beside Soviet submarine S-189, anchored in Saint Petersburg. The icebreaker was built at Vyborg Shipyard. In the background, you can see the Norwegian cruise liner MS Black Watch. Image: DarthWeirdo