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Russia’s Economy

Russia’s Economy. Why it’s tougher in Russia. Power Point by James, Joshua, And Matthew. Russia’s Economy. Russia is separated into four economic regions known as the Moscow region, Port Cities, Volga and Urals region, And Siberia.

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Russia’s Economy

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  1. Russia’s Economy Why it’s tougher in Russia Power Point by James, Joshua, And Matthew

  2. Russia’s Economy • Russia is separated into four economic regions known as the Moscow region, Port Cities, Volga and Urals region, And Siberia. • Russia uses the ruble which equals 30.2600 to a U.S. dollar. • Russia is a leading producer and exporter of minerals, gold, and all major fuels. • Northern areas concentrate mainly on livestock, and the southern parts and western Siberia produce grain. • The Moscow region is the country’s economic center and largest transportation hub.

  3. Russia’s history and why it is harder in Russia • In 1991 Russia switched to a market economy which was a little confusing for them but later caught on. • In 2003, the debt has risen to $19 billion due to higher Ministry of Finance and Eurobond payments. However, $1 billion of this has been prepaid, and some of the private sector debt may already have been repurchased. • Russia, however, appears to have weathered the crisis relatively well. As of 2007 real GDP increased by the highest percentage since the fall of the Soviet Union at 8.1%, the ruble remains stable, inflation has been moderate, and investment began to increase again.

  4. Continue • Inflation remained a problem however, as the government failed to contain the growth of prices. Between 1999–2007 inflation was kept at the forecast ceiling only twice, and in 2007 the inflation exceeded that of 2006, continuing an upward trend at the beginning of 2008. • The Russian Economy Continues To rise up in the ranks and their major exports are coal, oil and gas.

  5. Dollar exchange rates • Year Gross Domestic Product U.S. Dollar exchange 1995 1,428,5004.55 2000 7,305,60028.13 2005 21,665,00028.27 2008 39,952,17723.52 2009 39,952,17732.00

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