FOREIGN TRADE
Russia has experienced a merchandise trade balance over the years.
Major exportable items of the country are Natural gas, crude oil and manufacturing. Its exports partners are Germany, Netherlands, Italy and China.
Important importable items in the country are food, fuel and energy and capital goods.
Countries such as Ukraine, China, Germany and Japan are its main imports partners.
The following diagram shows the exports and imports scenario of the country:
The above diagram depicts that the country has experienced a trade surplus over years. The country has also experienced a positive balance of payment.
CONCLUSION
Russia joined the World Bank in the year 1992. Since then the bank has stepped forward for maintaining sustainable economic growth by implementing the Government reform process.