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Russia strategy

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.

Strategy (718KB - PDF)

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Challenges

Russia faces a number of fundamental challenges. There is a need to modernise and diversify the economy to reduce the current concentration on extraction and processing of natural resources and move towards a greater share of value-added manufacturing. Improvements need to be made in production efficiency, in particular energy efficiency, and in developing the MSME business sector.

The EBRD and Russia

Modernisation, competitiveness and diversification of the real economy will be the overarching priorities of the EBRD in Russia. This will be supported by active infrastructure development and efficient financing mechanisms.

Energy efficiency will become an integral part of the business of each sector of EBRD activity in Russia. The Bank will address the demand side of energy use by reducing waste of energy and greenhouse emissions in all sectors, which will be important to support corporate competitiveness and combat climate change.

Last updated 21 April 2010

Publications

  • Russia factsheet

    Russia factsheet

    This document provides an overview of the EBRD's work in Russia.

© European Bank for Reconstruction and Development 2012