Doing Business in Russia Guides. Asia Europe. Learn from the Russia Small Business Ideas and Opportunities – a short guide for entrepreneurs. And get information about Russia Franchise & Business Opportunities and other small business and SME entrepreneurship news. The Russian economy enjoyed stable growth until 2008 when, like other world economies, it faced the turmoil of the global downturn and the economy has not fully recovered from the consequences of this yet. Services, construction, the hotel and catering industry and manufacturing activities experienced the most significant slowdowns. Wholesale trade, the financial sector, real estate transactions, as well as the electric power, gas and water production and distribution industries, also faced challenges. However, since the second half of 2009, Russia‘s economy has begun recovering.
Doing Business in Russia Guide
In the year of 2016, The United States has suspended government-to-government economic cooperation with Russia on many fronts, including their bilateral trade and investment working group that sought to expand economic and commercial ties. Within these parameters, U.S. companies can still export their goods and services to Russia and continue working with their Russian partners to sustain their position in this market. However, companies should continuously monitor any developments concerning the United States’ political and economic relationship with Russia. Learn more from Russia Business Guide provided by ExportGov from the US Government.