What are the financial impacts of Moscow's main industries?
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Russia's vast geography is an important determinant of its economic activity, with some sources estimating that Russia contains over 30 percent of the world's natural resources.The World Bank estimates the total value of Russia's natural resources at $75 trillion US dollars.Energy revenues account for more than 80% of Russian exports abroad. In 2016, the oil-and-gas sector accounted for 36% of federal budget revenues.Russia is considered an energy superpower.It has the world's largest proven natural gas reserves and is the largest exporter of natural gas. It is also the second-largest exporter of petroleum. Russia has a large and sophisticated arms industry, capable of designing and manufacturing high-tech military equipment, including a fifth-generation fighter jet, nuclear powered submarines, firearms, and short range/long range ballistic missiles. As of 2019, Russia is the third-biggest exporter of arms in the world, behind only to the United States and China.
Russia is considered an energy superpower.It has the world's largest proven natural gas reserves and is the largest exporter of natural gas. It is also the second-largest exporter of petroleum. Russia has a large and sophisticated arms industry, capable of designing and manufacturing high-tech military equipment, including a fifth-generation fighter jet, nuclear powered submarines, firearms, and short range/long range ballistic missiles. As of 2019, Russia is the third-biggest exporter of arms in the world, behind only to the United States and China.The economic development of the country has been uneven geographically; with the country's capital Moscow contributing a very large share of the country's GDP. Credit Suisse has described Russian wealth inequality as so extreme compared to other countries that it "deserves to be placed in a separate category."
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