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Russia

Russia is the EFSD founding state:

  • Russia’s contribution to the EFSD is US$7,5 billion;
  • Russia’s access limit in the EFSD is US$3149.81 million (37% of total assets of the Fund).

The authorized representative of Russia in the Council of the Fund and its Chairman is the Minister of Finance of the Russian Federation — Anton G. Siluanov.

 The Chairman of the EFSD Council of Experts is Director of the Department for International Financial Relations, Ministry of Finance of Russia - Andrei A. Bokarev.

Russia is a member of the Eurasian Economic Union since 1 January 2015.

Russia plans to borrow from the EFSD resources only in case it participates in interstate investment projects together with the other EFSD Member States.

The EDB carries out analytical work on the social and economic development of Russian Federation.

Key Development Indicators of Russia

Indicator 2011 2012 2013 2014 Source
Real GDP Growth (%) 4,3 3,4 1,3 0,6 Rosstat.
Nominal GDP (US$ million, in current prices) 1906890 2001175 2080142 1856840 Rosstat.
GDP per capita (US$, in current prices) 13 326 13 977 14 611 12 892 Rosstat., CB
Poverty rate (%, national estimate) 12,7 10,7 10,8 11,0 Rosstat.,WB
Inflation (CPI, average) 8,52 5,11 6,76 7,81 Rosstat.
Nominal Interest Rate on loans to non-financial organizations up to a year in nat. currency (% average) 8,5 9,1 9,5 16,1 CB
Balance of consolidated state budget (% GDP) 1,6 0,4 -1,3 0,5 Rosstat.
Trade Balance (% GDP) 8,6 7,2 5,9 7,2 CB
Current Account Balance (% GDP) 5,1 3,6 1,7 3,2 CB
Gross International Reserves (months of imports, end of period) 14,6 14,5 13,0 10,8 CB
External Public Debt/GDP (%) 1,8 2,7 3,0 2,2 CB
Gross External Debt/GDP (%) 28,3 31,8 35,0 32,2 CB
Public External Debt Service/ Exports of Goods and non-factor Services (%) 0,15 0,13 0,10 N/A CB
Human Development Index (rank out of 187 countries) 66 55 57 N/A UNDP
Global Competitveness Index (rank out of the amount of observed countries) 67 67 64 53 WEF
Exchange rate of the National Currency against U.S. dollar (period average, rouble/dollar) 29,4 31,1 31,8 38,5 CB
Exchange rate of the National Currency against Euro (period average, rouble/euro) 40,9 39,9 42,3 51,1 CB

Contacts

Ministry of Finance of the Russian Federation
Central Bank of the Russian Federation

Anti-crisis Fund Department of the EDB:
3 Bolshoi Vatin Pereulok
Moscow, 109240 Russia

Tel.: +7 (495) 645 04 45
Fax: +7 (495) 645 04 41
E-mail: ACF@eabr.org




Member States

  • The Republic of Armenia

    Republic
    of Armenia

  • The Republic of Belarus

    Republic
    of Belarus

  • The Republic of Kazakhstan

    Republic
    of Kazakhstan

  • Kyrgyz Republic

    Kyrgyz
    Republic

  • Russian Federation

    Russian
    Federation

  • The Republic of Tajikistan

    Republic
    of Tajikistan