Changes

[[File:Aerial view of the Caucasus Mountains.jpg|thumb|Aerial view of the Caucasus Mountains.]]

[[File:Aerial view of the Caucasus Mountains.jpg|thumb|Aerial view of the Caucasus Mountains.]]

*Area: 17 million sq. km. (6.5 million sq. mi.); about 1.8 times the size of the United States.

*Area: 17 million sq. km. (6.5 million sq. mi.); about 1.8 times the size of the United States.

*Cities: Capital--Moscow (pop. 8.3 million). Other cities--St. Petersburg (4.6 million), Novosibirsk (1.4 million), Yekaterinburg (1.4 million). 8 other cities over 1 million inhabitants.

*Cities: Capital—Moscow (pop. 8.3 million). Other cities—St. Petersburg (4.6 million), Novosibirsk (1.4 million), Yekaterinburg (1.4 million). 8 other cities over 1 million inhabitants.

*Terrain: Broad plain with low hills west of Urals; vast coniferous forest and tundra in Siberia; uplands and mountains (Caucasus range) along southern borders.

*Terrain: Broad plain with low hills west of Urals; vast coniferous forest and tundra in Siberia; uplands and mountains (Caucasus range) along southern borders.

*Climate: Huge variation from humid sub-tropical in Krasnodar krai, to desert/semi-desert in the Altai republic, and arctic tundra in north eastern Siberia, which is one of the coldest areas on the planet.

*Climate: Huge variation from humid sub-tropical in Krasnodar krai, to desert/semi-desert in the Altai republic, and arctic tundra in north eastern Siberia, which is one of the coldest areas on the planet.

''See: [[Religion in Russia]]''

''See: [[Religion in Russia]]''

In practice, only a minority of citizens actively participated in any religion. Many who identified themselves as members of a religious group participated in religious life rarely or not at all. There is no one set of reliable statistics that breaks down the population by denomination, and the statistics below are compiled from government, polling, and religious group sources.<ref> According to [http://www.state.gov/g/drl/rls/irf/2008/108468.htm U.S. State Department, "International Religious Freedom Report 2008"]</ref>  

In practice, only a minority of citizens actively participated in any religion. Many who identified themselves as members of a religious group participated in religious life rarely or not at all. There is no one set of reliable statistics that breaks down the population by denomination, and the statistics below are compiled from government, polling, and religious group sources.<ref>According to [http://www.state.gov/g/drl/rls/irf/2008/108468.htm U.S. State Department, "International Religious Freedom Report 2008"]</ref>  

Approximately 100 million citizens are Russian Orthodox. Muslims, with a population estimated between 14 million and 23 million, form the largest religious minority. The majority of Muslims live in the Volga-Ural region and the North Caucasus, although Moscow, St. Petersburg, and parts of Siberia also have sizable Muslim populations. There are an estimated one million Buddhists, the majority of whom live in the traditionally Buddhist regions of Buryatiya, Tuva, and Kalmykiya. According to the NGO Slavic Center for Law and Justice, Protestants make up the second largest group of Christian believers, with 3,500 registered organizations and more than 2 million followers. The Roman Catholic Church estimated that there are 600,000 Catholics, most of whom are not ethnic Russians. There are an estimated 250,000 Jews, the majority of whom live in Moscow and St. Petersburg. In some areas, such as Yakutiya and Chukotka, pantheistic and nature-based religions are practiced independently or alongside other religions.

Approximately 100 million citizens are Russian Orthodox. Muslims, with a population estimated between 14 million and 23 million, form the largest religious minority. The majority of Muslims live in the Volga-Ural region and the North Caucasus, although Moscow, St. Petersburg, and parts of Siberia also have sizable Muslim populations. There are an estimated one million Buddhists, the majority of whom live in the traditionally Buddhist regions of Buryatiya, Tuva, and Kalmykiya. According to the NGO Slavic Center for Law and Justice, Protestants make up the second largest group of Christian believers, with 3,500 registered organizations and more than 2 million followers. The Roman Catholic Church estimated that there are 600,000 Catholics, most of whom are not ethnic Russians. There are an estimated 250,000 Jews, the majority of whom live in Moscow and St. Petersburg. In some areas, such as Yakutiya and Chukotka, pantheistic and nature-based religions are practiced independently or alongside other religions.

In a major [[demography|demographic]] catastrophe, population indicators in Russia dramatically worsened after 1990: the number of [[death]]s exceeds the number of [[birth]]s, [[life expectancy]] is drastically decreasing, the number of [[suicide]]s has increased, and there are 240 abortions per 100 live births.  Every year since 1992 the country has lost 400,000 to 650,000 population and the current total of 142 million is [[projection|projected]] to fall to 100 million by 2050.

In a major [[demography|demographic]] catastrophe, population indicators in Russia dramatically worsened after 1990: the number of [[death]]s exceeds the number of [[birth]]s, [[life expectancy]] is drastically decreasing, the number of [[suicide]]s has increased, and there are 240 abortions per 100 live births.  Every year since 1992 the country has lost 400,000 to 650,000 population and the current total of 142 million is [[projection|projected]] to fall to 100 million by 2050.

In the 1990s, life expectancy in Russia fell an astonishing six years. [[Statistical analysis]] indicates that one-quarter of the increase in [[mortality]] was due to an increase in [[alcohol consumption]] and one-quarter was a consequence of [[stress]] due to economic uncertainty.<ref>Elizabeth Brainerd, and David M. Cutler, "Autopsy On An Empire: Understanding Mortality in Russia and the Former Soviet Union." ''Journal Of Economic Perspectives'' 2005 19(1): 107-130. Issn: 0895-3309 Fulltext: in Ebsco </ref>

In the 1990s, life expectancy in Russia fell an astonishing six years. [[Statistical analysis]] indicates that one-quarter of the increase in [[mortality]] was due to an increase in [[alcohol consumption]] and one-quarter was a consequence of [[stress]] due to economic uncertainty.<ref>Elizabeth Brainerd, and David M. Cutler, "Autopsy On An Empire: Understanding Mortality in Russia and the Former Soviet Union." ''Journal Of Economic Perspectives'' 2005 19(1): 107-130. Issn: 0895-3309 Fulltext: in Ebsco</ref>

Russia's population of 141.4 million (2007) is falling. Lower birth rates and higher death rates have reduced Russia's population at a nearly 0.5% annual rate since the early 1990s. Russia is one of few countries with a declining population (although birth rates in many developed countries have dropped below the long-term population replacement). Population decline is particularly drastic in Russia due to higher death rates, especially among working-age males. Cardiovascular disease, cancer, traffic injuries, suicide, alcohol poisoning, and violence are major causes of death. In a June 2006 speech to the Russian National Security Council, President Putin declared that Russia is facing a demographic crisis and called for measures to improve birth and mortality rates and increase population through immigration, primarily the return of Russian-speaking foreigners.

Russia's population of 141.4 million (2007) is falling. Lower birth rates and higher death rates have reduced Russia's population at a nearly 0.5% annual rate since the early 1990s. Russia is one of few countries with a declining population (although birth rates in many developed countries have dropped below the long-term population replacement). Population decline is particularly drastic in Russia due to higher death rates, especially among working-age males. Cardiovascular disease, cancer, traffic injuries, suicide, alcohol poisoning, and violence are major causes of death. In a June 2006 speech to the Russian National Security Council, President Putin declared that Russia is facing a demographic crisis and called for measures to improve birth and mortality rates and increase population through immigration, primarily the return of Russian-speaking foreigners.

Most of the roughly 141 million Russians derive from the Eastern Slavic family of peoples, whose original homeland was probably present-day Poland. Russian is the official language of Russia and is one of the six official languages of the United Nations. Russian is also the language of such giants of world literature as [[Pushkin]], [[Tolstoy]], [[Dostoevsky]], [[Chekhov]], [[Pasternak]], and [[Solzhenitsyn]].  

Most of the roughly 141 million Russians derive from the Eastern Slavic family of peoples, whose original homeland was probably present-day Poland. Russian is the official language of Russia and is one of the six official languages of the United Nations. Russian is also the language of such giants of world literature as [[Pushkin]], [[Tolstoy]], [[Dostoevsky]], [[Chekhov]], [[Pasternak]], and [[Solzhenitsyn]].  

 

 

 

===Education===

===Education===

*Religion: Russian Orthodox, Islam, Judaism, Roman Catholicism, Protestant, Buddhist, other.  

*Religion: Russian Orthodox, Islam, Judaism, Roman Catholicism, Protestant, Buddhist, other.  

*Language: Russian (official); more than 140 other languages and dialects.  

*Language: Russian (official); more than 140 other languages and dialects.  

*Education (total pop.): Literacy--99.4%.

*Education (total pop.): Literacy—99.4%.

*Health: Life expectancy (2007 est.)--59.12 yrs. men, 73.03 yrs. women.

*Health: Life expectancy (2007 est.)--59.12 yrs. men, 73.03 yrs. women.

*Work force (73.88 million) (2006 est.): Production and economic services--84%; government--16%.

*Work force (73.88 million) (2006 est.): Production and economic services—84%; government—16%.

==Cities==

==Cities==

{{Clear}}

{{Clear}}

==Government and Political Conditions==  

==Government and Political Conditions==

[[File:Duma Parliament building Moscow Russia.jpg|thumb|340px|Duma Parliament building, Moscow.]]

[[File:Duma Parliament building Moscow Russia.jpg|thumb|340px|Duma Parliament building, Moscow.]]

In the political system established by the 1993 [[constitution]], the [[president]] wields considerable executive power. There is no vice president, and the legislative branch is far weaker than the executive. The bicameral legislature consists of the lower house (State Duma) and the upper house (the Federation Council). The president nominates the highest state officials, including the [[prime minister]], who must be approved by the Duma. The [[president]] can pass decrees without consent from the [[Duma]]. He also is head of the armed forces and of the Security Council.  

In the political system established by the 1993 [[constitution]], the [[president]] wields considerable executive power. There is no vice president, and the legislative branch is far weaker than the executive. The bicameral legislature consists of the lower house (State Duma) and the upper house (the Federation Council). The president nominates the highest state officials, including the [[prime minister]], who must be approved by the Duma. The [[president]] can pass decrees without consent from the [[Duma]]. He also is head of the armed forces and of the Security Council.  

Russia is a federation, but the precise distribution of powers between the central government and the regional and local authorities is still evolving. The Russian Federation consists of 89 regional administrative units, including two federal cities, Moscow and St. Petersburg. The constitution explicitly defines the federal government's exclusive powers, but it also describes most key regional issues as the joint responsibility of the federal government and the regional administrative units. In 2000, President Putin grouped the regions into seven federal districts, with presidential appointees established in Moscow and six provincial capitals. In March 2004, the Constitution was amended to permit the merger of some regional administrative units. A law enacted in December 2004 eliminated the direct election of the country's regional leaders. Governors are now nominated by the president and subject to confirmation by regional legislatures.  

Russia is a federation, but the precise distribution of powers between the central government and the regional and local authorities is still evolving. The Russian Federation consists of 89 regional administrative units, including two federal cities, Moscow and St. Petersburg. The constitution explicitly defines the federal government's exclusive powers, but it also describes most key regional issues as the joint responsibility of the federal government and the regional administrative units. In 2000, President Putin grouped the regions into seven federal districts, with presidential appointees established in Moscow and six provincial capitals. In March 2004, the Constitution was amended to permit the merger of some regional administrative units. A law enacted in December 2004 eliminated the direct election of the country's regional leaders. Governors are now nominated by the president and subject to confirmation by regional legislatures.  

===Judicial System===  

===Judicial System===

The Russian [[judicial system]] consists of the Constitutional Court, courts of [[general jurisdiction]], military courts, and arbitrage courts (which hear commercial disputes). The Constitutional Court of the Russian Federation is a court of limited subject matter jurisdiction. The 1993 constitution empowers the Constitutional Court to arbitrate disputes between the executive and legislative branches and between Moscow and the regional and local governments. The court also is authorized to rule on violations of constitutional rights, to examine appeals from various bodies, and to participate in impeachment proceedings against the president. The July 1994 Law on the Constitutional Court prohibits the court from examining cases on its own initiative and limits the scope of issues the court can hear. The system of general jurisdiction courts includes the Supreme Court of the Russian Federation, regional level courts, district level courts and justices of the peace.  

The Russian [[judicial system]] consists of the Constitutional Court, courts of [[general jurisdiction]], military courts, and arbitrage courts (which hear commercial disputes). The Constitutional Court of the Russian Federation is a court of limited subject matter jurisdiction. The 1993 constitution empowers the Constitutional Court to arbitrate disputes between the executive and legislative branches and between Moscow and the regional and local governments. The court also is authorized to rule on violations of constitutional rights, to examine appeals from various bodies, and to participate in impeachment proceedings against the president. The July 1994 Law on the Constitutional Court prohibits the court from examining cases on its own initiative and limits the scope of issues the court can hear. The system of general jurisdiction courts includes the Supreme Court of the Russian Federation, regional level courts, district level courts and justices of the peace.  

====Chechnya====

====Chechnya====

[[File:Evstafiev palace gunman Chechnya.jpg|thumb|280px|Government palace building in Grozny, Chechnya.]]

[[File:Evstafiev palace gunman Chechnya.jpg|thumb|280px|Government palace building in Grozny, Chechnya.]]

[[Chechnya]] has seen continuing violations of international human rights and humanitarian law committed by Russian and pro-Moscow Chechen forces. Chechen rebels also have committed abuses as well as acts of terrorism. In [[Chechnya]], Ingushetiya, and Dagestan, security forces were involved in unlawful killings and politically motivated kidnappings. Chechen President Kadyrov continued his repressive control as federal forces withdrew. Federal and local security forces in Chechnya targeted families of suspected insurgents with impunity, and Kadyrov's private militia allegedly engaged in kidnapping and torture.<ref>see [http://www.state.gov/g/drl/rls/hrrpt/2008/eur/119101.htm Country Report 2008] </ref>

[[Chechnya]] has seen continuing violations of international human rights and humanitarian law committed by Russian and pro-Moscow Chechen forces. Chechen rebels also have committed abuses as well as acts of terrorism. In [[Chechnya]], Ingushetiya, and Dagestan, security forces were involved in unlawful killings and politically motivated kidnappings. Chechen President Kadyrov continued his repressive control as federal forces withdrew. Federal and local security forces in Chechnya targeted families of suspected insurgents with impunity, and Kadyrov's private militia allegedly engaged in kidnapping and torture.<ref>see [http://www.state.gov/g/drl/rls/hrrpt/2008/eur/119101.htm Country Report 2008]</ref>

====Religion - Human rights====

====Religion - Human rights====

Enactment of a new law on foreign non-governmental organizations (NGOs) in 2006 was criticized in many quarters as a device to control [[civil society]], that is, private organizations. Implementing regulations appear to impose onerous paperwork reporting burdens on NGOs that could be used to limit or even suppress some of them. This law was used to shut down an NGO for the first time in January 2007 on the basis of extremism charges; however, most foreign NGOs have successfully re-registered. Domestic NGOs were not required to re-register, but are required to meeting new reporting requirements.{{fact}}

Enactment of a new law on foreign non-governmental organizations (NGOs) in 2006 was criticized in many quarters as a device to control [[civil society]], that is, private organizations. Implementing regulations appear to impose onerous paperwork reporting burdens on NGOs that could be used to limit or even suppress some of them. This law was used to shut down an NGO for the first time in January 2007 on the basis of extremism charges; however, most foreign NGOs have successfully re-registered. Domestic NGOs were not required to re-register, but are required to meeting new reporting requirements.{{fact}}

===Government Spending/Taxation===  

===Government Spending/Taxation===

[[Image:Putin..jpg|left|260px|Vladimir Putin.]]

[[Image:Putin..jpg|left|260px|Vladimir Putin.]]

The Russian federal budget has run growing surpluses since 2001, as the government has taxed and saved much of the rapidly increasing oil revenues. According to preliminary figures, the 2006 budget surplus was 7.4% of GDP on a cash basis. Although there are strong pressures to relax spending ahead of elections, the government has loosened its spending gradually, as the economy is running at near capacity and there are dangers of increasing inflation and rapid exchange rate appreciation. Spending increases to date have mostly been for increased salaries of government employees and pensions, but some money is also being dedicated to special investment funds and tax breaks to develop new industries in special economic zones. The government overhauled its tax system for both corporations and individuals in 2000-01, introducing a 13% flat tax for individuals and a unified tax for corporations, which improved overall collection. Business has put pressure on the government to reduce value added taxes (VAT) on oil and gas, but the government has postponed this discussion. Tax enforcement of disputes, particularly following the Yukos case, continues to be uneven and unpredictable.

The Russian federal budget has run growing surpluses since 2001, as the government has taxed and saved much of the rapidly increasing oil revenues. According to preliminary figures, the 2006 budget surplus was 7.4% of GDP on a cash basis. Although there are strong pressures to relax spending ahead of elections, the government has loosened its spending gradually, as the economy is running at near capacity and there are dangers of increasing inflation and rapid exchange rate appreciation. Spending increases to date have mostly been for increased salaries of government employees and pensions, but some money is also being dedicated to special investment funds and tax breaks to develop new industries in special economic zones. The government overhauled its tax system for both corporations and individuals in 2000-01, introducing a 13% flat tax for individuals and a unified tax for corporations, which improved overall collection. Business has put pressure on the government to reduce value added taxes (VAT) on oil and gas, but the government has postponed this discussion. Tax enforcement of disputes, particularly following the Yukos case, continues to be uneven and unpredictable.

{{Clear}}

{{Clear}}

==Defense==  

==Defense==

Russia's efforts to transform its Soviet-legacy military into a smaller, lighter and more mobile force continue to be hampered by an ossified military leadership, discipline problems and human rights violations, limited funding and demographics. Recent steps by the Government of Russia suggest a desire to reform. There has been an increased emphasis on practical training, and the government is introducing bills to improve the organization of the military.  

Russia's efforts to transform its Soviet-legacy military into a smaller, lighter and more mobile force continue to be hampered by an ossified military leadership, discipline problems and human rights violations, limited funding and demographics. Recent steps by the Government of Russia suggest a desire to reform. There has been an increased emphasis on practical training, and the government is introducing bills to improve the organization of the military.  

[[Image:Cannon Russia.jpg|left|300px]]

[[Image:Cannon Russia.jpg|left|300px]]

==Economy==

==Economy==

[[Image:Historic Centre of St. Petersburg.jpg|thumb|260px|Historic Center of St. Petersburg.]]

[[Image:Historic Centre of St. Petersburg.jpg|thumb|260px|Historic Center of St. Petersburg.]]

At the end of March, 2009, the World Bank issued a grim forecast of the Russian Economy, projecting a 4.5% decline in the economy in 2009 and warning that 5.8 million Russians would fall into poverty unless the government shifts spending to poor families.  It praised the government’s $85 billion anticrisis program, which stabilized Russia’s banks and prevented financial panic. But it said too little had gone to households — a hazard in a society where 37 million people, a quarter of the population, lives near the poverty line.<ref> Ellen Berry, "World Bank Grim on Russian Economy," [http://www.nytimes.com/2009/03/31/world/europe/31russia.html?ref=world ''New York Times'' Mar. 30, 2009]</ref>

At the end of March, 2009, the World Bank issued a grim forecast of the Russian Economy, projecting a 4.5% decline in the economy in 2009 and warning that 5.8 million Russians would fall into poverty unless the government shifts spending to poor families.  It praised the government’s $85 billion anticrisis program, which stabilized Russia’s banks and prevented financial panic. But it said too little had gone to households — a hazard in a society where 37 million people, a quarter of the population, lives near the poverty line.<ref>Ellen Berry, "World Bank Grim on Russian Economy," [http://www.nytimes.com/2009/03/31/world/europe/31russia.html?ref=world ''New York Times'' Mar. 30, 2009]</ref>

The Russian economy underwent tremendous stress in the 1990s as it moved from a centrally planned economy to a free market system. Difficulties in implementing fiscal reforms aimed at raising government revenues and a dependence on short-term borrowing to finance budget deficits led to a serious financial crisis in 1998. Lower prices for Russia's major export earners (oil and minerals) and a loss of investor confidence due to the Asian financial crisis exacerbated financial problems. The result was a rapid and steep decline (60%) in the value of the ruble, flight of foreign investment, delayed payments on sovereign and private debts, a breakdown of commercial transactions through the banking system, and the threat of runaway inflation.  

The Russian economy underwent tremendous stress in the 1990s as it moved from a centrally planned economy to a free market system. Difficulties in implementing fiscal reforms aimed at raising government revenues and a dependence on short-term borrowing to finance budget deficits led to a serious financial crisis in 1998. Lower prices for Russia's major export earners (oil and minerals) and a loss of investor confidence due to the Asian financial crisis exacerbated financial problems. The result was a rapid and steep decline (60%) in the value of the ruble, flight of foreign investment, delayed payments on sovereign and private debts, a breakdown of commercial transactions through the banking system, and the threat of runaway inflation.  

*Growth rate (2006): 6.7%.

*Growth rate (2006): 6.7%.

*Natural resources: Petroleum, natural gas, timber, furs, precious and nonferrous metals.  

*Natural resources: Petroleum, natural gas, timber, furs, precious and nonferrous metals.  

*Agriculture: Products--Grain, sugar beets, sunflower seeds, meat, dairy products.

*Agriculture: Products—Grain, sugar beets, sunflower seeds, meat, dairy products.

*Industry: Types--Complete range of manufactures: automobiles, trucks, trains, agricultural equipment, advanced aircraft, aerospace, machine and equipment products; mining and extractive industry; medical and scientific instruments; construction equipment.  

*Industry: Types—Complete range of manufactures: automobiles, trucks, trains, agricultural equipment, advanced aircraft, aerospace, machine and equipment products; mining and extractive industry; medical and scientific instruments; construction equipment.  

*Trade (2006): Exports--$304 billion: petroleum and petroleum products, natural gas, woods and wood products, metals, chemicals. Major markets--EU, CIS, China, Japan. Imports--$165 billion: machinery and equipment, chemicals, consumer goods, medicines, meat, sugar, semi-finished metal products. Major partners--EU, U.S., NIS, Japan, China. U.S. exports--$4.7 billion. Principal U.S. exports (2006)--oil/gas equipment, meat, inorganic chemicals, tobacco, aircraft, medical equipment, autos/parts. U.S. imports--$19.8 billion. Principal U.S. imports (2006)--oil, aluminum, chemicals, platinum, iron/steel, fish and crustaceans, nickel, wood, and copper.

*Trade (2006): Exports--$304 billion: petroleum and petroleum products, natural gas, woods and wood products, metals, chemicals. Major markets—EU, CIS, China, Japan. Imports--$165 billion: machinery and equipment, chemicals, consumer goods, medicines, meat, sugar, semi-finished metal products. Major partners—EU, U.S., NIS, Japan, China. U.S. exports--$4.7 billion. Principal U.S. exports (2006)--oil/gas equipment, meat, inorganic chemicals, tobacco, aircraft, medical equipment, autos/parts. U.S. imports--$19.8 billion. Principal U.S. imports (2006)--oil, aluminum, chemicals, platinum, iron/steel, fish and crustaceans, nickel, wood, and copper.

====Gross Domestic Product====  

====Gross Domestic Product====

[[File:City garden Kolpino Autumn, 2009.JPG|thumb|City garden, Kolpino.]]

[[File:City garden Kolpino Autumn, 2009.JPG|thumb|City garden, Kolpino.]]

A strong expansion in domestic demand continues to drive GDP growth, despite a slowdown in manufacturing. GDP growth and industrial production for 2006 were 6.7% and 4.8%, respectively, relative to 6.4% and 5.7% in 2005. GDP growth is currently derived from non-tradable sectors, but investment remains concentrated in tradables (oil and gas). Construction was the fastest growing sector of the economy, expanding by 14% in 2006. The main private sector services--wholesale & retail trade, banking & insurance, and transportation & communications--showed strong growth of about 10%. In contrast, public sector services--education, health care, and public administration--lagged behind with only 2-4% growth in 2006. Recent productivity growth has still been strong in some parts of domestic manufacturing. Real disposable incomes grew by 10.2% in 2006, spurring considerable growth in private consumption.

A strong expansion in domestic demand continues to drive GDP growth, despite a slowdown in manufacturing. GDP growth and industrial production for 2006 were 6.7% and 4.8%, respectively, relative to 6.4% and 5.7% in 2005. GDP growth is currently derived from non-tradable sectors, but investment remains concentrated in tradables (oil and gas). Construction was the fastest growing sector of the economy, expanding by 14% in 2006. The main private sector services—wholesale & retail trade, banking & insurance, and transportation & communications—showed strong growth of about 10%. In contrast, public sector services—education, health care, and public administration—lagged behind with only 2-4% growth in 2006. Recent productivity growth has still been strong in some parts of domestic manufacturing. Real disposable incomes grew by 10.2% in 2006, spurring considerable growth in private consumption.

{{Clear}}

{{Clear}}

====Monetary Policy====  

====Monetary Policy====

Large balance of payments surpluses have complicated monetary policy for Russia. The Central Bank has followed a policy of managed appreciation to ease the impact on domestic producers and has sterilized capital inflows with its large budget surpluses. However, the Central Bank also has been buying back dollars, pumping additional ruble liquidity into the system. Given the rising demand for money, this has softened the inflationary impact, but these policy choices have complicated the government's efforts to lower inflation to the single digits. Consumer Price Index (CPI) inflation was 9% in 2006 and 10.9% in 2005, having steadily decreased from 20.2% in 2000, due primarily to prudent fiscal policy and in 2006 lower world oil prices.

Large balance of payments surpluses have complicated monetary policy for Russia. The Central Bank has followed a policy of managed appreciation to ease the impact on domestic producers and has sterilized capital inflows with its large budget surpluses. However, the Central Bank also has been buying back dollars, pumping additional ruble liquidity into the system. Given the rising demand for money, this has softened the inflationary impact, but these policy choices have complicated the government's efforts to lower inflation to the single digits. Consumer Price Index (CPI) inflation was 9% in 2006 and 10.9% in 2005, having steadily decreased from 20.2% in 2000, due primarily to prudent fiscal policy and in 2006 lower world oil prices.

The U.S. exported $4.7 billion in goods to Russia in 2006, a 21% increase from the previous year. Corresponding U.S. imports from Russia were $19.8 billion, up 29%. Russia is currently the 33rd-largest export market for U.S. goods. Russian exports to the U.S. were fuel oil, inorganic chemicals, aluminum, and precious stones. U.S. exports to Russia were machinery, meat (mostly poultry), electrical equipment, and high-tech products.  

The U.S. exported $4.7 billion in goods to Russia in 2006, a 21% increase from the previous year. Corresponding U.S. imports from Russia were $19.8 billion, up 29%. Russia is currently the 33rd-largest export market for U.S. goods. Russian exports to the U.S. were fuel oil, inorganic chemicals, aluminum, and precious stones. U.S. exports to Russia were machinery, meat (mostly poultry), electrical equipment, and high-tech products.  

Russia's overall trade surplus in 2006 was $139 billion, up from $118 billion in 2005. World prices continue to have a major effect on export performance, since commodities--particularly oil, natural gas, metals, and timber--comprise 80% of Russian exports. Russian GDP growth and the surplus/deficit in the Russian Federation state budget are closely linked to world oil prices.  

Russia's overall trade surplus in 2006 was $139 billion, up from $118 billion in 2005. World prices continue to have a major effect on export performance, since commodities—particularly oil, natural gas, metals, and timber—comprise 80% of Russian exports. Russian GDP growth and the surplus/deficit in the Russian Federation state budget are closely linked to world oil prices.  

Russia is in the process of negotiating terms of accession to the World Trade Organization (WTO). The U.S. and Russia concluded a bilateral WTO accession agreement in late 2006, and negotiations continue in 2007 on meeting WTO requirements for accession. Russia reports that it has yet to conclude bilateral agreements with Saudi Arabia and Georgia.  

Russia is in the process of negotiating terms of accession to the World Trade Organization (WTO). The U.S. and Russia concluded a bilateral WTO accession agreement in late 2006, and negotiations continue in 2007 on meeting WTO requirements for accession. Russia reports that it has yet to conclude bilateral agreements with Saudi Arabia and Georgia.  

See: [[History of Russia]]

See: [[History of Russia]]

==See Also==

==See also==

* [[Big government]] [[liberal]] [[Welfare state]] leads to [[socialist]] [[Nanny state]], leads to [[communist]] [[Police state]]

* [[Big government]] [[liberal]] [[Welfare state]] leads to [[socialist]] [[Nanny state]], leads to [[communist]] [[Police state]]

* [[Liberal totalitarianism]]

* [[Liberal totalitarianism]]

* Lucas, Edward. ''The New Cold War: Putin's Russia and the Threat to the West'' (2008) [http://www.amazon.com/New-Cold-War-Putins-Russia/dp/0230606121/ref=sr_1_12?ie=UTF8&s=books&qid=1239323968&sr=1-12 extract and text search]

* Lucas, Edward. ''The New Cold War: Putin's Russia and the Threat to the West'' (2008) [http://www.amazon.com/New-Cold-War-Putins-Russia/dp/0230606121/ref=sr_1_12?ie=UTF8&s=books&qid=1239323968&sr=1-12 extract and text search]

====references====

====References====

{{reflist|2}}

{{reflist|2}}