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India - Russia Business and Cultural Council

Russia, the largest country in the world, spans Eastern Europe and northern Asia. Known for its rich history, diverse culture, and vast landscapes, its capital is Moscow. Key features include the Kremlin, Siberian wilderness, and the Trans-Siberian Railway.

Ambassador and Consul General

Global India Business Forum is proud to be associated with the Embassy of Russian Federation. Russia is one of the biggest countries in the world. Global President of GIBF, Dr. Jitendra Joshi and Co-Founder & Director - Global Operations, Deepali Gadkari. The GIBF team had fruitful dialogues with Evgeny Griva, Trade Commissioner of Russia and Oleg Kozhin, Bilateral Relations. They agreed principally to support MSME sector businesspersons from India and Russia. GIBF will act as the front-end for Indian businesspersons keen to do business in Russia.

embassy-of-russia-ambassador-and-consul-general

Crude Petroleum, Petroleum Gas, Refined Petroleum, Coal Briquettes, and Gold.

Packaged Medicaments, Broadcasting Equipment, Cars, Computers, and Motor vehicles.

About Russia

ABOUT Russia

Russia, with its vast expanse spanning across northern Eurasia, is a beacon of natural beauty and cultural richness. Its diverse geography, ranging from expansive forests to majestic mountains, creates a tapestry of landscapes that captivate the imagination. With borders touching countries as varied as Azerbaijan, Finland, and Mongolia, Russia serves as a bridge between diverse cultures and traditions, fostering a spirit of interconnectedness and cooperation.
At the heart of Russia's governance lies a federal system, providing a platform for regional autonomy and diversity while maintaining a cohesive national identity. The presidency, symbolizing stability and leadership, guides the nation forward, while the premiership ensures efficient governance and development at the local level.
Culturally, Russia's rich heritage is a source of pride and inspiration. From the masterpieces of literature by Tolstoy and Dostoevsky to the timeless compositions of Tchaikovsky and Rachmaninoff, Russian artistry transcends borders, enriching the global cultural landscape. The warmth and hospitality of the Russian people, renowned around the world, create an inviting atmosphere for visitors and foster lasting friendships across continents.

Business Opportunities in Russia

BUSINESS OPPORTUNITIES IN Russia

Russia has stable legislation aimed at protection of ownership and capital, investors and investments, as well as the developed judicial system. In some regions of Russia special legislation has been adopted, and special economic zones have been created. There are also special industrial clusters – production zones equipped with all necessary communication means and networks. The legislation in the sphere of public-private partnerships has been significantly improved.
Foreign investors are guaranteed certain property rights to their investments in the Russian Federation and profits earned in Russia. Foreign investments are regulated both on a Federal and regional level. According to the Federal law on foreign investments, certain limitations can be placed on foreign investors, but only if these limitations are required to protect constitutional guarantees such as the health, rights and lawful interests of citizens, or state defence and security measures.
Key sectors that attract various investment opportunities in Russia: Energy sector: Though largely controlled by the government, Moscow provides an array of investors looking to invest in minerals extraction and processing processes. From providing logistical support to extraction machinery, investors can be part of Russia’s success story. The petroleum industry in Russia is one of the largest in the world.

Exports and Imports In Russia

Overview In 2022, Russia was the number 8 economy in the world in terms of GDP (current US$), the number 12 in total exports, the number 30 in total imports, the number 63 economy in terms of GDP per capita (current US$) and the number 47 most complex economy according to the Economic Complexity Index (ECI).

Top Exports of Russia

The top exports of Russia are Crude Petroleum ($133B), Petroleum Gas ($71.5B), Refined Petroleum ($67.4B), Coal Briquettes ($36.5B), and Gold ($14.6B), exporting mostly to China ($101B), India ($40.4B), Germany ($27.7B), Turkey ($25.3B), and Italy ($25.1B).

Top Imports of Russia

The top imports of Russia are Packaged Medicaments ($9.11B), Broadcasting Equipment ($7.15B), Cars ($6.38B), Computers ($3.94B), and Motor vehicles; parts and accessories (8701 to 8705) ($3.64B), importing mostly from China ($75.4B), Germany ($15.5B), Turkey ($9.24B), Kazakhstan ($8.78B), and South Korea ($6.33B).

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