Russia country profile 2017

Russia – the largest country on earth – emerged from a decade of post-Soviet economic and political turmoil russia country profile 2017 seek to reassert itself as a world power. Income from vast natural resources, above all oil and gas, helped Russia overcome the economic collapse of 1998, but the oil price slump of 2014 ended the long run of prosperity.

The state-run gas monopoly Gazprom still supplies a large share of Europe’s needs. Vladimir Putin – Russia’s dominant political figure since 2000 – has enhanced his control over state institutions and the media – a process supplemented more recently by an emphasis on fierce nationalism and hostility to the West. Vladimir Putin has been Russia’s dominant political figure since his election as president in 2000, serving two terms and then a four-year stint as prime minister, before resuming the presidency in 2012 and winning re-election in 2018. Since his re-election against only token opposition, Russia’s authorities have further tightened control over the media, thereby muffling an embryonic opposition movement. He has also and adopted a stridently nationalist course and appealed to memories of Soviet-era power to shore up domestic support. The president presents himself as a strong leader who took Russia out of the economic, social and political crisis of the 1990s, and defends Russia’s national interests, particularly against alleged Western hostility.