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The Great Recession in Russia was a crisis during 2008–2009 in the Russian financial markets as well as an economic recession that was compounded by political fears after the war with Georgia and by the plummeting price of Urals heavy crude oil, which lost more than 70% of its value since its record peak of US$147 on 4 July 2008 before rebounding moderately in 2009.
The Great Recession in Russia was a crisis during 2008–2009 in the Russian financial markets as well as an economic recession that was compounded by political fears after the war with Georgia and by the plummeting price of Urals heavy crude oil, which lost more than 70% of its value since its record peak of US$147 on 4 July 2008 before ...
It has the eleventh-largest economy in the world by nominal GDP and the fourth-largest economy by GDP . [5] Due to a volatile currency exchange rate, its GDP measured in nominal terms fluctuates sharply. [30] Russia was the last major economy to join the World Trade Organization (WTO), becoming a member in 2012. [31]
The global contribution to world's GDP by major economies from 1 AD to 2008 AD according to Angus Maddison's estimates [1]. This historical list of the ten largest countries by GDP compiled by British economist Angus Maddison shows how much the membership and rankings of the world's ten largest economies has changed.
Russia's Yelena Isinbayeva sets a new world record of 5.05 m outdoors in the women's pole vault at the Summer Olympic Games in Beijing. (AP via Yahoo! News) 2008 South Ossetia war: According to general staff in Moscow, Russia has begun troop withdrawals from Georgia, following a pledge by President Dmitry Medvedev. However, 'Moscow saying it ...
This article is a list of Russian federal subjects by Gross regional domestic product (GRDP).. Top 10 Russian federal subjects by largest GDP Russian GDP divided into 2 equal parts. 50% of Russian economy is concentrated in only 10% of Russian area or only 2 federal districts (which together contain nearly half of Russia's population).
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The large majority of Russia's exports are made up of raw materials and fertilizers, [citation needed] although exports as a whole accounted for only 8.7% of the GDP in 2007, compared to 20% in 2000. [22] In December 2011, after 15 years of negotiations, Russia finally joined the World Trade Organization. The accession to WTO was expected to be ...