I had recently done my assessment on "Study Economics of Russia" and it was a great experience while working on it.

2. Russia's GDP is primarily made up of three different sectors i.e. agriculture,
industrial, and service sector.
The agricultural sector, which includes forestry, hunting, fishing, farming, and
livestock production, is small and makes up about 5% of GDP.
Russia's industrial sector has remained more or less stable, averaging about 35% of
GDP over the years.
The service sector contributes almost 62% to Russia's GDP and employs more than
67% of the population.
What are the core industries that make up
and drive the economy, and how diversified
are they?

3. What are the demographics and are they
favorable for growth?
POPULATION 146,748,590
BIRTH RATE
10 births /
1000
population
DEATH RATE
12 deaths /
1000
population
LIFE
EXPECTANCY
73.34 years
According to World Population Review :
 There is 1 birth every 18 seconds.
 There is 1 death every 16 seconds
 There is net migrant every 4 minutes

4. The change of the urban population in Russia is influenced by two factors: birth rate
and migration.
The latter includes the establishing of new urban settlements and transformation of
rural settlements into urban.
Starting in 1992, the low birth rate has become a major factor in reducing the number
of urban residents.
Immigration from cities was observed in 1991-1992 and it exacerbated the decline of
the urban population of Russia.
The administrative reorganizations had significant impact on the official statistical
data on the urban population in Russia, especially in 1991, 1992, 1999, and 2004.
Yes Russia is urbanized and currently stands at 59th rank in terms of urban
population which is of about 74.8% of total population as per Central Intelligence
Agency (CIA) World Fact book.
Is the country urbanized and, if not, is it
expected to?

5. Russia buy commodities like rubber, soybeans, refined oil, coffee, palm oil,
computers, taps, valves, liquid pumps and elevators from rest of the world and sell
commodities like mineral fuels, iron and steel, gems and precious metals, wood,
fertilizers, cereals, aluminum, etc. to the rest of the world.
From the exports, the most important commodity is mineral fuel since it contribute
52.2% of total exports.
What does this country buy or sell from the
Rest-of-the-World (RoW), and how
important are these transactions to the
country’s economic prosperity?

6. Inflation rate :- As per June, 2020 data currently inflation rate of Russia is
3.09% which is a good inflation rate as governments often strive for an inflation rate
of around 2% to 3% per year.
Unemployment rate :- Unemployment in Russia is increased to 4.66%
because of the current situation of the world due to Covid-19 pandemic which
becomes the reason of most employed persons became unemployed which leads to
increase in percentage of unemployment.
Capital intensive/labor intensive :- Russia is labor abundant because it
imports the capital-intensive good
Level of poverty :- As per June 2020 data, current level of poverty in Russia
is 13.3%
Comment on the following parameters:

7. Russia is currently using a floating exchange rate regime, which means that foreign
exchange rates against the ruble are determined by market forces, that is, the ratio of
the demand for and supply of foreign currency in the foreign exchange market.
What is the exchange rate and monetary
regime?

8. How developed is the country’s credit
market and where are they in the credit
cycle?Over the past few years, the growth rate of bank consumer lending in our country has
slowed down. The problem of the development of the consumer lending market in
Russia is quite disproportionate due to the low level of competition, which leads to
market failures in the form of information asymmetry.

9. The Russian banking system has a bi-level structure. The first level is represented by
the Central Bank of the Russian Federation. The second level includes banks and
non-bank financial companies, as well as branches and representative offices of
foreign banks.
As per Analytical Credit Rating Agency(ACRA) it assesses that the environment in
Russia’s banking industry is stable overall. Although slow economic growth limits the
potential for banks to increase their assets and net income, it also helps credit
institutions to maintain strong capital and liquidity positions.
How is the banking system structured—is it
stable, functioning, and free of bad assets?

10. Yes, as per June 2020, Russia government run a budget deficit of 955.88 RUB
Billion.
External Debt in Russia increased to 477.20 USD Billion in the second quarter of
2020 from 450 USD Billion in the first quarter of 2020.
Does the government run a budget deficit?
And to what extent do they rely—and are
able to encourage—foreign debt financing
from Rest of the world?