Flashcards: Economy of Russia

KAZANSUMMIT (The International Summit on Economic Cooperation between the Russian Federation and the Countries of the OIC) is an international economic and business forum-summit held annually in Kazan, Russia.

The Federal Financial Markets Service (FFMS, FSFR) (Russian: Федеральная служба по финансовым рынкам, ФСФР) was a Russian federal executive body which regulated Russian financial markets including securities issuance and trading and supervision of exchanges, issuers, professional market participants and their Self-Regulatory Organisations; the Russian Federation Pension Fund; the State management company.

The Great Recession in Russia was a crisis during 2008-2009 in the Russian financial markets as well as an economic recession that was compounded by political fears after the war with Georgia and by the plummeting price of Urals heavy crude oil, which lost more than 70% of its value since its record peak of US$147 on 4 July 2008 before rebounding moderately in 2009.

Open Innovations (Forum and Technology Show) is an annual international forum that focuses on new technologies and perspectives of the international cooperation on innovations.

The Russian National Wealth Fund is Russia's sovereign wealth fund.

Federal State Unitary Enterprise "Goznak" (short for Государственный знак, or State Insignia) is a Unitary enterprise in Russia, 100% government-owned, responsible for the manufacturing of security products, including banknotes, coins, stamps, ID-cards, secure documents, state orders and medals, as well as providing secure IT services.

The Eurasian Customs Union (EACU) is a customs union which consists of all the Member states of the Eurasian Economic Union.

The Ministry of Natural Resources and the Environment of the Russian Federation (Russian: Министерство природных ресурсов и экологии Российской Федерации) is a governmental agency within the Cabinet of Russia tasked with managing the country's natural resources and protecting the environment.

The Eurasian Economic Space or Single Economic Space is a single market that provides for the free movement of persons, goods, services and capital within the Eurasian Economic Union.

National champion is a governmental policy in which large organisations are expected not only to seek profit but also to "advance the interests of the nation"; the government sets policies which favour these organisations.

The Ministry of Economic Development of the Russian Federation (Russian: Министерство экономического развития Российской Федерации) is a federal ministry in the Russian Government.

The Russian Federation Ministry of Agriculture is the cabinet-level agency responsible for support of agricultural production, soil conservation, rural development, agricultural market regulation, and financial stabilization of the farm sector.

The Russian Union of Engineers (RUE) (Russian: Российский союз инженеров (РСИ)) claims to be an all-Russian nongovernmental organization of engineers, design-engineers, builders, inventors, rationalizers, researchers, scientists, scientific and technical employees, and managers of industrial production.

Analytical Center for the Government of the Russian Federation (Russian: Аналитический центр при Правительстве Российской Федерации) is the source of prompt expert views on a wide range of socio-economic development issues of the country.

After the collapse of the Soviet Union in 1991 and collapse of Russia's controlled economy, a new Russian Federation was created under Boris Yeltsin in 1991.