After the Soviet era, Russia experienced a slight recovery in the late 1990s which ended at the end of the decade with the depreciation of the ruble and the default of public debt. This was followed by a recession, a deterioration in the standard of living and an intense flight of capital abroad.

For many observers, the main problem of the Russian economy is that of the banking sector, controlled by "oligarchs", businessmen linked to political power, who often use depositors’ money to support their companies.

Official Name: Russian Federation
Form of government: Federal Presidential Republic
President: Vladimir Putin
Prime Minister: Dimitry Medvedev
Currency: Russian Ruble (RUB)

Russia, ultimi articoli su International

What are Russian ships doing in Cuba?

17 June 2024 - 15:00

What are Russian ships doing in Cuba?

Russian warships were spotted entering the port of Cuba. Is there a risk of a new crisis of ’62? This is the real reason why the Russian fleet is in Havana.

Why Russian gas is still a problem for Europe

13 June 2024 - 17:00

Why Russian gas is still a problem for Europe

Russian gas is a resource and a threat to Europe, as highlighted by the story of the transit of fuel from Russia to our continent via Ukraine. What’s about to happen?