Russia owns the world’s largest natural gas reserves, with 1,680 trillion cubic feet (Tcf), which accounts for about a quarter of the world’s total proven reserves. The majority of these reserves are located in Siberia, with the Yamburg, Urengoy, and Medvezh’ye fields alone accounting for about 45 percent of Russia’s total reserves. Significant reserves are also located in northern Russia. The resource base for the production of natural gas is reliable and sufficient both for meeting domestic needs and export commitments.
Russia is 8-th largest pharmaceutical market in the world. The total size of the Russian market for medicines and nutritional supplements in 2012 was 818 billion RUB in the consumer price equivalent, in a market where almost 80% of products are imported.
Russia seeks to increase its global market share. Through the Federal target programme “Development of the pharmaceutical and medical industry of the Russian Federation”, the Government has set the following targets to be achieved by 2020:
Infrastructure is one of the great challenges of the 21st century for Russia, with a huge impact on long-term business growth and economic competitiveness. It is seen as a tangible sector that can help Russia diversify away from extractive industries.
Despite a projected slowdown in growth in Russia and the protracted economic crisis in Europe, many industry players and commercial lenders are optimistic about prospects of infrastructure development in Russia. The Russian authorities are committed to moving forward with infrastructure projects, investments in which could help strengthen the overall economy. It is likely that there will be a greater focus on the reforms needed to enhance private sector investment, as it is clear that this has become more important than ever. Where possible, the Government will encourage public-private partnership (PPP) projects, and they may provide interesting investment opportunities.
The Russian telecommunications market is considered to be the largest in Europe, supported by a population of about 143 million. The market is dominated by the western regions where the main cities and economic centres are concentrated. All sectors have been liberalised, with competition most prevalent in Moscow. The former holding company for Russia’s incumbent telecom operators, Svyazinvest, has emerged as Rostelecom, with most regional players absorbed into the operator. Network developments are underway with incumbent and alternative operators deploying and modernising fixed-line network infrastructure to offer broadband and a range of IP-based services. The country has also emerged as one of Europe’s fastest growing markets for fibre-based broadband.
Russia is one of the world’s leading mineral industries and accounts for a large percentage of the Commonwealth of Independent States’ (CIS) production of a range of mineral products, including metals, industrial minerals, and mineral fuels. Russia ranks among the leading world producers of a vast range of mineral commodities, including aluminium, arsenic, cement, copper, magnesium compounds and metals, nitrogen, palladium, silicon, and vanadium.