After Putin became Russia’s president in 2000, Goldman Sachs predicted that Brazil, Russia, India, and China would soon be among the world’s most important economies and coined the term BRIC. However, Russia’s economic growth, which averaged a healthy 7% from 1998 to 2007, has been undermined by the global economic crisis. Russia’s economy was projected to contract by 6.8% in 2009, according to the OECD, and Brazil’s by 0.8%, while India’s and China’s were projected to grow by 5.9% and 7.7%, respectively, despite the global recession.More here but you must subscribe or buy a single copy PDF to read the entire piece.
Is Russia in danger of falling out of the BRIC grouping? Would companies be better off entering other emerging markets, particularly given the complexities of doing business in Russia? How do companies craft successful Russia strategies?
Another good resource is: Doing Business in Russia by the World Bank Group.
And this might be helpful too:
[PDF: Immediate download]