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Irkut: Russian arms makers have redirected exports to non-Nato members such as China and India and opened up to foreign equity investors |
Russia is still heavily dependent on oil and gas but the non-energy sector is growing fast to cash in on ballooning domestic demand that high oil prices have helped to generate. Economic development and trade minister German Gref said in August that high oil prices had “ripened” the Russian economy and investment into sectors such as food processing and machine building are starting to bear fruit.
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