Russia Essay Example | Topics and Well Written Essays - 1250 words

Russia - Essay ExampleThis is due to the ch each(prenominal)enges people encountered during communism, which make numerous people end up trusting more their families based on the support they certain like combining their resources to survive. Hence, currently people seem to prefer trusting more close families. From thus to date the state has significantly grown especially with the inception of Russian Federation, which emerged after the cessation of Soviet Union. This growth has been attri onlyed to exclusively reliance on resources especially oil and gas (whose reserves are in Western Siberia), hence giving the state unequaled power non only economically but also politically in the region. For instance, 2/3 of the states oil and gas export head to the European Union region thus comprising 24% of the Russias GDP. Oil and gas dose is merely by pipelines as well as physical tanks by respective firms. The economy of Russian federation has been through immense progress, which has al ways had many setbacks. Due to rising energy prices and the radiant spherical economy, the country has benefited greatly and been through higher growth rates before 2008s great niche (Hanouz & Prazdnichnykh 3). The Western sanction issues during 2014 invasion into Ukraine have also been a contributing factor. During these years, the country faced not only price drops but also low demands and financial sector almost collapsing. Despite all these, the government countered its issues and challenges mainly through stimulus spending. The country has not really grown at the analogous pace as its competitor despite the availability of many resources as well as improve population but this also as a long term goal, shows the potential Russia has to compete with the topnotch powers.Since the crumpling of Soviet Union, Russia has been changing notably from a centrally planned and globally isolated economy to a more of globally integrated and market based economy. In 1900s during their econ omic reformations, most of