Market Opportunities on Russia
Russia is a huge market with great potential for further growth. Russia represents the 6th economy in the world and the biggest market in Europe with some 145 million consumers
As a team-leading member of EAEU (i.e., EurAsian Economic Union of Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan) Russia gives direct access to all 185 million of EAEU consumers. New member countries are coming
Russia is the largest country in the world with enormous natural resources and highly educated yet cheap manpower
Russia has many unsaturated sectors and niches that very few markets can offer, Most assets are greatly undervalued
Russian Government offers political stability and many incentives for international businesses to benefit out of Russia’s opportunities (e.g., special economic / free trade zones, territories of priority development, tax incentives and holidays, government funding and procurement programmes, et al) Russia is the Top BRICS country in ‘Ease of Doing Business’ Index
Abundant Natural Resources
Russia has a wealth of natural resources. It is the second largest producer of petroleum in the world. It is also one of the main producers and exporters of diamonds, nickel and platinum. Russia also possesses roughly one third of the world’s natural gas reserves, which are mostly concentrated in 20 large fields, and currently supplies one fourth of all natural gas on the world market.
Russia is a leading producer and exporter of minerals, gold and all major fuels This products internationally, and based on the customs tariff hs code 27. Russia also has the largest timber resources in the world accounting for 25% of the total global timber resources.
In the presence of a wide natural resource base that includes major deposits of oil, natural gas, coal, many strategic minerals, and timber, there are formidable obstacles, Iron and steel —climate, terrain and distance—each of which hinders the exploitation of Russia’s natural resources.
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