Doing business in Russia: A cultural context

1. Presented by:
A S M Faruk Hossain
Sr. Executive, Global Business
Beacon Medicare Limited, Bangladesh
+88 01717678894
faruk@beaconmedicare.com.bd
shadhin1008@live.com

2. Здравствуйте! (Hello!)
Welcome to Russia, The world’s largest country
- Covering 9 time zones, Russia’s culture has been shaped the multitude of ethnic groups that lived
within the borders.
- Soviet Union’s influence on culture will be felt for many generations to come.
Russian business culture has changed since the fall of the soviet union
- Capitalism has replaced communism as the driving economic force
- Still has aspect of the soviet system present today

3. - Capital: Moscow
- Currency: Ruble
- Exchange Rate: 1 USD = 62
Ruble
- GDP/capita: 10,743 USD

4. - Once your appointment is
fixed, do everything to avoid
cancellation
- Don’t schedule your trip to
Russia near the end of July
or August. Its vacation time
for the most.

5. • Firm hand Shakes with Men
• Maintain Eye Contact
• Never Shake hands with Gloves
on
• Use one or two Russian words.
• Business is Business, Avoid
smiling too much

6. - Russians speaks Metaphorically &
cryptically.
- Bringing up Russian glory (USSR) is
appreciated.
- Compliments with caution
(Admiring a decorative object, your hosts
may insist that you take it)

7. - Business cards must be both in
Russian & English
- Presentations should be
straightforward
- Russian proverb: do not “hurry
to reply” but “hurry to listen”

8. - Bringing Blue Label for
Alpha Males and Red
wine for the ladies are
greatly appreciated in a
official Dinner party
- Vodka is common in
Russia so for Business
connection, Avoid it.
- Most events will have a
“Guest of honor” it is
rude to leave before they
do.

9. Ref: https://www.hofstede-insights.com/country-comparison/russia/

10. Благодарю вас