Today Russia is the largest country in the world and is a highly developed country that continues to grow every day, even though years ago it was one of the developing countries slower development. It is a country located in Northern Eurasia and borders many countries. From northwest to southeast, this country borders Norway, Estonia, Finland, Lithuania, Latvia, Poland, Ukraine, Belarus, Azerbaijan, North Korea, China, Georgia, Kazakhstan, and Mongolia. It always shares maritime borders with Japan across the Sea of Okhotsk and with the US state of Alaska across the Bering Strait. Russia covers approximately one-eighth of the inhabited surface of the earth, making it the largest country in the world and it is also the most populous country in the world with approximately one hundred and forty-two million people. The entire territory of Russia spans nine time zones and incorporates a wide range of environments and landforms. The Russian economy relies on energy revenues to stimulate growth and contains an abundance of natural resources. These resources include petroleum, natural gas, and precious oils. Today, the Russian economy is considered a market system, but it has transitioned from a command-and-control system. Today, the economy contains capitalism, there is more room for government to intervene due to past market failures, there is private ownership of resources and the use of markets and prices to coordinate and direct the economic activity, individuals and businesses can seek to achieve their economic goals. goals through their own decisions, there is more private property, people have freedom of enterprise, self-interest and there is more competition. The transition from a… paper medium… with the help of President Vladimir Putin who, “Russia will adhere to an open market economy despite restrictions and sanctions imposed by other countries.” He also said: "We will try to ensure that the Russian economy develops on the basis of the open market. This strategic path remains unchanged." 6. In the coming years, the Russian government intends to continue its system-wide work to advance business. climate, to "make a real industrial breakthrough in the coming years, to create strong national companies in the processing industry capable of producing competitive goods". They strive to improve the economy and use their financial resources. Motivate assistance with investment funds and banks from other countries. Russia now plans to trade with China, as well as other countries, more actively now in their respective national currencies 6
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