Russian Federation

Population: 144,478,000 (2018)
GDP: 1.658 Trillion USD (2018)
Total Area: 16,376,870 sq km (2018)
Agriculture Land: 13.29% (2016)
Forest: 49.76% (2016)

The Russian Federation, with a nominal GDP of 1.66 trillion USD, is the 11th largest economy in the world. The economy depends heavily on natural resources and the energy sector. The country is major exporter of crude oil, natural gas and precious metals.In 2018 the economy continued its recovery from the 2015-16 recession and grew at 2.3 percent. The increase in volume of construction works, the recovering of oil price and the depreciation of the ruble has given a significant contribution to the growth.The Russian Federation is one of the largest exporter of grain. Automotive production is a significant industry in Russia.

Natural Rubber

The Russian Federation is a significant player in the global rubber industry with the presence of major tyre producers, synthetic rubber and general rubber goods manufacturers. The Russian Federation is the world’s largest rubber consumer and the 5th largest producer with 9 percent of the global synthetic rubber capacity.The Russian Federation is a net importer of natural rubber, mainly from South-East Asia although the natural rubber consumption remains low as the commercial vehicle tyre industry is comparatively small in the country.Between 1931 and 1950 the then Soviet Union cultivated Russian Dandelion as an emergency source of rubber when supplies from Hevea brasiliensis in Southeat Asia were threatened. After World War II, the interest in dandelion was set aside until recent years. Today dandelion research is bouncing back driven by economic and environmental challenges as well as new developments in selection and genetic engineering. However, more research is still needed before dandelion rubber becomes a viable alternative for the automotive industry.

Synthetic Rubber

Production of synthetic rubber in the Russian Federation has been expanding modestly for the past 16 years with an average growth rate of 3.8 percent. Currently there are five producers which are actively expanding their footprints domestically and internationally. The Russian Federation produced about 1.54 million tonnes and consumed 0.60 million tonnes of synthetic rubber in 2017.New emphasis has been put by the Federal Government on the recovery of End-of Life Tyres (ELT) as part of its policy “On waste production and consumption”. An Extended Producer Responsibility (EPR) system is in place with tyre producers and importers have a responsibility...

Government & Other Agencies

Ministry of Industry and Trade of the Russian Federation
10/2 Presnenskaya Naberezhnaya
Moscow, 123317
Tel: +7 (495) 870-29-21 ext. 21476
Tyre Manufacturers Association of Russia
7th floor, Block B,
Entuziastov Blvd 2,
Moscow 109544, Russian Federation
Phone: +7 (495) 685 94-69
2 Boulevard Entuziastov
(Golden Gate Business Centre, Block B), 8 floor
109544 Moscow, Russian Federation
Phone: +7 (495) 7402515
Press Releases
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Russia’s Small Businesses Contribute Just 20% of Economy
Small and medium-sized enterprises (SMEs) make up just a fifth of Russia’s economy, the national statistics agency Rosstat has assessed. Rosstat also said the contribution of SMEs to Russia’s GDP fell to 20.2% in 2018 from 22% in 2017, the most recently available data. Russia defines SMEs as businesses employing fewer than 250 people, with annual revenues of under two billion rubles ($31 million), and meeting certain ownership and corporate...
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World Bank Cuts Russia’s 2020 Growth Forecast
The Russian economy is expected to grow by 1.6% in 2020 and by 1.8% in 2Stable oil production and the government’s $400 billion national investment program fueled by last year’s value-added tax (VAT) hike are expected to “buoy” Russia’s growth, the World Bank said. “Nevertheless, private investment remains tepid in the projection, due to policy uncertainty and slowing potential growth over the longer term as demographic pressures increase, and as...
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SIBUR and BASF formalise partnership
On the margins of the meeting at SIBUR’s PolyLab R&D Centre, SIBUR and BASF signed a memorandum of understanding (MoU) formalising their partnership on the sustainable development and circular economy agenda further to the companies’ environmental talks held back in June this year. The MoU is set to strengthen the partners’ commitment to long-term sustainable development goals. BASF and SIBUR agreed to collaborate more closely on water efficiency, carbon footprint...