4. • History Summary
• 862 – founding of Kievan Rus by Viking Rurik,
the birth of what became the Russian state
• Mid-13th century – Mongol Horde invasion
• 1480 – Moscow liberated from Tatar (Mongol)
yoke
• 1613 – Rurik dynasty ended, Romanov dynasty
begins (ends 1917)
• 1812 – Napoleon failed in his attempt to
conquer Russia (after occupying Moscow)
5. •History Summary, cont’d.
• October 1917 – Bolsheviks seized control (led by Lenin)
• 1922 – USSR established
• 1941-1945 – WWII (Great Patriotic War), Russia loses 1/6 of its
population (~ 30 million)
• Stalin’s purges – an additional 20 to 40 million.
• 1985 – Gorbachev introduced political and economical reforms
• 1991 – USSR is formally dissolved, Yeltsin became the new president; CIS
is formed
• 2000 – Putin is elected president of Russia
6. • RUSSIA AT A GLANCE
• Largest country in the world.
• Ninth most populous country.
• The capital of Russia is Moscow.
• The population of Russia is 149,476,000.
• The language spoken is Russian.
• GDP(nominal) : $ 1.579 trillion
• Human Development Index(HDI)- 49th
• Currency – Russian ruble(RUB)
• Russian Economy-Tenth largest by nominal GDP.
• One of the largest producer of oil and natural gas
7. • Lets visit some important cities in Russia
•Moscow • St. Petersburg
11. • SPORTS OF RUSSIA
• BANDY
• FOOTBALL
• BASKETBALL
• ICE HOCEKY
• HANDBALL
• RUGBY LEAGUE
• OLYMPIC WEIGHTLIFTING
• GYMNASTIC
12. • ANIMALS OF RUSSIA
Brown Bear Wild Boar
Siberian Tiger
13. • CULTURE
• Over 145 million people and over 150 different ethnic groups
• 80% = slavs
• Religions = Christian, Islamic, Buddhist, and Jewish
• St. Petersburg = founded in 1703 by Peter the great whose goal was to make the
city a “ Window of the West”
• St. Petersburg has many beautiful museums and is home to the Mariinsky
Theatre= one of Russian’s top ballet companies.
15. • ECONOMIC HISTORY
• Fall of the Soviet economy
• Transition to market economy after the dissolution of the USSR(1991-
1995)
• Russian financial crisis (1998)
• Recovery and growth(1999-2014)
• Russian economy was 6th largest in the world by PPP & 12th largest at
market exchange rates(2016)
• The growth continued in 2017, with an increase of 1.5%
16. • FALL OF THE SOVIET ECONOMY
• Industrial output of the Soviet Union was going to the military.
• Budget allocated for military was at the expense of investment in rest
of the economy.
• Miners were not working as they had no incentives to work.
• Agriculture sector was also hit by the crisis.
17. • TRANSITION TO MARKET ECONOMY
• Moved from a centrally planned economy to a globally integrated
market economy.
• Real GDP fell by more than 40% and Hyperinflation wiped out savings.
• Revenue collection became difficult for the Government amid the
collapsing economy.
• Russia depended on short term borrowing to finance budget deficits.
• Became the largest borrower from the IMF with loans totaling $20
Billion.
18. • RECOVERY AND GROWTH
• Ruble was devalued which made domestic producers more
competitive nationally and internationally.
• After Putin took over , Russian GDP doubled from 0.7 trillion USD to
1.2 trillion USD and now it is 1.5 trillion USD.
• After 16 years of negotiations, Russia’s membership to WTO was
accepted in 2012.
• Economy is projected to expand by 1.5-2.0 percent, according to the
central bank’s forecasts, after growing by 1.5% in 2017.