Culture
What is the major religion in Russia?
Orthodox Christian
What is Russia’s currency called?
Russian Ruble
Who is the current President of Russia?
Vladimir Putin
How large is Russia’s Market
144 million people
Which group in Russia shows a rising demand for Western consumer goods and luxury brands?
The urban upper middle class
Why are shoes not allowed in a Russian household?
Russian citizens decorate their households with expensive accessories
What is a major export that contributes heavily to Russia’s economy?
Oil and natural gas
What significant powers does the President hold?
Veteos and Decrees
Russia is a global leader in exporting this type of resource, including oil, gas, coal, and minerals.
natural resources
What growing online shopping platforms in Russia have created new opportunities in e-commerce?
Ozon and Wildberries
What do Russian citizens consider vodka to be?
The “Holy Elixir”
Why did Russia face major economic sanctions in 2022?
Invasion of Ukraine
What is the main cause of Russia’s recent decline?
Aggressive foreign policy and 2022 Ukraine invasion
Because of these, doing business in Russia is risky: they limit trade, finance, and access to Western technology.
Western Sanctions
What is a major economic threat caused by international responses to Russia’s actions?
Extended sanctions
Who was the one to implement the values in Russia?
Mikhail Gorbachev
What economic organization suspended Russia’s membership after the 2022 invasion?
G8 (Group of Eight), now G7
What is the Bicameral Federal Assembly?
2 chambers of the Legislative Assembly (Duma and Federal Assembly)
Why is Russia’s dependence on oil and gas exports a con?
when prices drop, economic growth can be slowed
Which sector is growing in Russia due to modernization with precision farming and agri-drones
Agriculture
During what era were the values in Russia being controlled?
Soviet Era
How does the Russian government try to protect its economy from Western sanctions?
By increasing trade with China, using alternative payment systems, and promoting domestic production
This law allows Russia to isolate its internet infrastructure from the global web and censor online information
Sovereign Internet Law
Why is Russia’s location strategically important?
Being in Russia can open doors to both European and Asian markets
What effect has censorship and internet regulation had on Russia’s digital sector?
Restricted access and reduced innovation