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Country data

Population:
141.9 million
Area:
17,075,000 sq km
Capital:
Moscow
Currency:
Rouble

Key developments and challenges

  • Economic growth has been decelerating. GDP growth slowed, from 3.4 per cent in 2012 to 1.4 per cent in the first half of 2013, against the backdrop of lower export demand and moderation of commodity prices. High capacity utilisation and relatively low unemployment also point to apparent limits to potential growth.
  • A new agricultural policy framework came into effect. It aligns the instruments of state support to the agriculture sector with the requirements of membership of the World Trade Organization (WTO), following Russia’s accession in August 2012.
  • The Central Bank of Russia assumed the responsibilities of a single financial market regulator. It became responsible for the regulation and supervision of both bank and non-bank financial institutions. The Central Bank’s mandate has also been broadened to include creation of the right conditions for balanced and sustainable economic growth.

Russia in the 2013 Transition Report

Kazan, Russia

Our work in Russia

In Russia we focus on diversifying the real economy, developing infrastructure and promoting energy efficiency.

Russia

Key facts about the EBRD's work in Russia

No. of projects

790

Net EBRD investment

€24.0 billion

Gross disbursements

€17.7 billion

Portfolio in private sector

84%

 

Last updated 31 March 2014

View factsheet


Our strategy in Russia

Russia has enjoyed high rates of economic growth in recent years, which has resulted in rapidly rising income levels, a reduction in poverty and expansion of the middle class, and continued integration into the world economy.

Recent efforts to increase transparency, step up judicial reform and the rule of law and combat corruption are particularly encouraging, but implementing these measures will be key.

Read strategy

CONTACTS

EBRD HQ
One Exchange Square
London EC2A 2JN
United Kingdom

EBRD Moscow Office
Ducat Place III
Second floor
6 Gasheka Street
125047 Moscow

Tel: +7495 787 1111