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Home > Home > Country Info > Russian Federation
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Russian Federation
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EDC Position-open all programs

EDC's Position

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  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria
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1-888-332-7844

Weekdays between 8 am to 6 pm EST

Contact Us form

Country At A Glance

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Flag of Russian Federation
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Map of Russian Federation

Country Facts

Nominal GDP1,479.40 Billion USD
Population141.7 Million
Total Trade/GDP52.08%
CurrencyRussian Rouble (RUB)
Merchandise Imports from Canada1074 Million CAD
Canadian direct investment56 Million CAD
Main importsMachinery & Equipment, Motor vehicles, Metals, Medicine, Food & Agricultural Product

EDC in Russian Federation

Canadian companies assisted149
International buyers insured322
Business volume496.18 Million CAD
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Business Environment

Canada has a well-established trade relationship with Russia and Canadian business activity in the market continues to grow. The global economic crisis took a disproportionately hard toll on Russia's economy. Nonetheless a gradual recovery is occurring. A resurging appetite in Russia for Canadian goods and services represents excellent prospects for Canadian companies. Business opportunities exist across a wide range of sectors that match Canadian capabilities.

Key Industries

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

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.

Russian Federation Country Overview (PDF)

 

EDC Representatives

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John Place - Moscow, Russia
Chief Representative
Mailjplace@edc.ca
Canadian Embassy
23 Starokonyushenny Pereulok
Moscow, 119002
Russia
Phone: (011) 7-495-925-6095

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Where does this information come from?

The information displayed in this table is extracted from the Trade Opportunities Matrix (TOM), an EDC tool used to rank opportunities based on a range of economic, financial and industry-specific criteria. It is important keep in mind that the TOM rankings refer to potential export opportunities, which may not reflect actual Canadian exports.
  • TOM is an empirically-based tool that provides an objective and forward-looking analysis of the most attractive markets for Canadian exporters.
  • Using up-to-date economic and financial criteria, TOM ranks Canadian export opportunities in 44 industries, across 69 countries.
  • TOM provides an objective starting point for export market research, which can be used to complement in-depth industry analysis and sector-specific knowledge.

Please refer to the TOM background paper for additional details.

Companies with EDC Financing to buy Canadian

Company
Combine Plant Rostselmash Ltd.
Industry/Sector
Agriculture
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Related Information

Country Filter

Knowledge Centre

Global Export Forecast - Fall 2011 / Winter 2012
Economic Forecast | 2012-01-12

2012 Outlook: Cautiously Optimistic
Weekly Commentary | 2012-01-11

Discover New Markets
Market Guide | 2011-12-05

News Releases & Speeches

Trade confidence down from recent peak: EDC survey
News Release | 2011-11-22

EDC financing helps BRP distributor Rosan regain Russian market share
News Release | 2011-11-22

EDC facilitates record $24.7 billion of Canadian trade in emerging markets in 2010
News Release | 2011-11-22

EDC finances Canadian-built systems for capture and processing of flared gas in Russia
News Release | 2011-11-22

  • Related Websites

  • Doing Business and investing in the Russian Federation - PWC
  • Doing Business in Russia - Baker & McKenzie
  • Doing Business in Russia - export.gov
  • Doing Business in Russia - Deloitte
  • Doing Business in Russia - UHY (PDF)
  • Doing Business in Russia - World Bank and International Finance Corporation
  • Country Snapshot, Russia - World Bank and International Finance Corporation
  • Growing Opportunities, Russia FDI report - Ernst & Young (PDF)
  • Measuring the Business Environment in Russian Regions - Ernst & Young (PDF)
  • Doing Business in Russia - World Business Culture

Success Stories

VibroSystM helps keep global generators fail safe
Success Story | 2011-11-17

Events

PDAC 2012
Trade Show | 2012-03-04

Doing Business in Russia: Best Practices for Canadian Exporters
Webinar | 2011-06-23

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