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Russia's vast geography is an important determinant of its economic activity, with some sources estimating that Russia contains over 30 percent of the world's natural resources. [2] [3] [4] The World Bank estimates the total value of Russia's natural resources at US$75 trillion. [5] [6] Russia relies on energy revenues to drive most of its growth.
The mineral industry of Russia is one of the world's leading mineral industries and accounts for a large percentage of the Commonwealth of Independent States ' production of a range of mineral products, including metals, industrial minerals, and mineral fuels. In 2005, Russia ranked among the leading world producers or was a significant ...
Lada is a brand of AvtoVAZ, the largest Russian car manufacturer in the Russian automotive industry. Aurus Senat , a recent armoured limousine project by NAMI Automotive production is a significant industry in Russia, directly employing around 600,000 people or 1% of the country's total workforce.
REPSOL. The Spanish company has stopped buying Russian crude oil in the spot market. SHELL. The world's largest petroleum trader has stopped buying Russian crude and on April 27 said it would no ...
Norilsk Nickel signed its key deal on June 28, 2007, acquiring about 90 percent of Canada's LionOre Mining International Ltd, the world's tenth-largest nickel producer at the time. This takeover, valued at $6.4 billion, was the biggest foreign acquisition by a Russian company at the time, making Norilsk Nickel the world's largest nickel producer.
Russian crude oil production (red) and crude oil exports (black). [] The petroleum or oil industry in Russia is one of the largest in the world. Russia has the largest reserves and was the largest exporter of natural gas. [1] It has the sixth largest oil reserves, and is one of the largest producers of oil. [2]
gazprom.com. PJSC Gazprom (Russian: Газпром, IPA: [ɡɐsˈprom]) is a Russian majority state-owned multinational energy corporation headquartered in the Lakhta Center in Saint Petersburg. [3] The Gazprom name is a contraction of the Russian words gazovaya promyshlennost (газовая промышленность, gas industry). In ...
Russian government ownership of various companies and organizations, collectively known as state-owned enterprises (SOEs), still play an important role in the national economy. The approximately 4,100 enterprises that have some degree of state ownership accounted for 39% of all employment in 2007 (down from over 80% in 1990).