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If not oil, then what? Russia’s place in the new global trade structure
17 June 2016

Over the past decade and a half, Russia’s trade has predominantly centred around the export of oil, gas, and other commodities. However, the country’s geographical position, wealth of resources, and strong science and technology foundations provide the fundamentals for a competitive manufacturing sector, while the rouble exchange rate and export support measures are boosting the potential for entry into new markets. In complement to the country’s traditional CIS and European Union trading partners, the Asia-Pacific region, characterized by its enormous array of industrial, transport, social, and urban infrastructure development projects, is becoming an increasingly important market. What steps should Russian producers take to expand their presence in global markets and build more systematic integration into global supply chains and the long-term development programmes of foreign partners? What should the government do to better support and develop exports?

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