Economic overview

A SUPPLEMENT TO EUROMONEY

Overview of the economy

The Russian Federation is an impressive country. Not only is it the largest country in the world, with 17 million square kilometres, it also brings together completely contradictory climatic conditions within one country, with arctic conditions in the north and hot, dry, steppes in the south. The Russian Federation also has marked regional cultural, ethnic, political, and economic variations, which only became clear with the dissolution of the former USSR at the end of 1991, and which put an end to the image maintained for decades of one large political and economic unit in the east.