PowerPoint Slideshow about 'The map of Russia' - Sharon_Dale
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1985 The Soviet Union began to collapse into independent nations. After years of Soviet military buildup at the expense of domestic development, economic growth was at a standstill. Failed attempts at reform and a stagnant economy led to a general feeling of discontent, especially in the Baltic republics and Eastern Europe.
1998 The Russian financial crisis (also called "Ruble crisis") hit Russiaon 17 August 1998. It was exacerbated by the global recession of 1998, which started with the Asian financial crisisin July 1997. Given the ensuing decline in world commodity prices, countries heavily dependent on the export of raw materials, such as oil, were among those most severely hit. The sharp decline in the price of oil had severe consequences for Russia.
It is difficult to open your business Governance Indicators for 1996-2006,” published in July 2007, the level of responsibility for the Russian government was rated 24 out of 100, along with Mauritania and Butan.
The structure of the Russian economy remains skewed towards a few giant companies, mostly forged from Soviet-era assets. Small and medium-sized businesses contribute less than 15% of GDP. The cost of opening a business is higher than in most other countries. Only 5% of firms have been created in the past ten years, according to the World Bank