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Russian Federation

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EDC's Position

  • Reactive approach to business
  • Open on a highly restricted basis under all programs

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Country At A Glance

Flag of Russian Federation
Map of Russian Federation

Country Facts

Nominal GDP2,098.00 Billion USD
Population142.50 Million
Total Trade/GDP51.03%
CurrencyRussian Rouble (RUB)
Merchandise Imports from Canada1,406.59 Million CAD
Canadian direct investment3,384 Million CAD
Main importsMachinery & Equipment, Food, Beverage & Tobacco, Chemicals, Metals

EDC in Russian Federation

Canadian companies assisted189
International buyers insured420
Business volume856.78 Million CAD

Business Environment

Canada has a well-established trade relationship with Russia. Priority sectors of interest are Agriculture, Forestry, Mining & Metals, Oil & Gas and Telecom. EDC closely monitors the situation in this region in light of recent geopolitical developments.

Key Industries

  • Agriculture
  • Forestry (Lumber, Pulp & Paper)
  • Mining & Metals
  • Oil and Gas
  • Satellite
  • Telecom
  • Transportation Services

How we can support your business

Through our representations in Moscow, Russia, we provide on-the-ground support to Canadian companies planning on or currently doing business in Russia. Our regional representative(s) have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.

  • We are well positioned to help Canadian companies finance and manage credit risk associated with sales to buyers, and to support Canadian investment in the country.
  • Learn more about our service offering.
 

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