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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securitie💙s brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
The Russian ICT market is the largest in Europe, rendering services to a population of almost 1🉐47 million. It is dominated by the western regions of the country, where the main cities and economic centres are located. The sector has undergone a ...
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Russia is a major producer and exporter of oi🐻l and natural gas. The country holds the world’s largest proven natural gas reserves (25% of the total) and ranks seventh in terms of crude oil reserves (5.4% of the total). The Russian economy is ...
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Russia is a major agricultural producer🐓 with strong positions in the crops segment. It is the third largest wheat producer in the world and the largest barley and oat🌊s producer. The agricultural sector accounted for 4% of GDP in 2015 and its growth ...
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The Russian healthcare and pharmaceutical sector is suffering under the impact of ongoing recession in the R༒ussian economy and depressed domestic demand. The healthcare system is in dire need of financing as lower oil prices and a sharply devalued ...
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The food and beverage sector is one of the leading sectors in the manufacturing i🍸ndustry in Russia, generating a GVA of RUB 1.487tn in 2015. It accounted for 14.5% of the GVA in manufacturing, which amounted to RUB 10.2tn in 2015. The sector ...
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Russia&rsquoဣ;s transportation network is a🔜mong the most extensive ones in the world. Its vast geography makes transportation a vital component of the economy as the country’s exports are heavily oriented towards the sale of raw materials, which ...
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Globally, the Russian automotive sector ranked 12th in terms of sales and 14th in terms of 𝓰production in 2015. In 2015, its share in the new automotive sales worldwide fell to 1.6% compared to 2.9% sh꧒are in 2014 as a result of the economic crisis ...
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