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Handelskammer - Land Infoblatt Letztes Update: 07.03.2018

Ihre Berater bei der Handelskammer

  • Steven Koener
  • Violaine Mathurin
Kontaktieren Sie uns: russia@cc.lu


17,098,242 km2
142,423,773 (July 2015 est.)
Russian (official), many minority languages
$4 trillion (2017 est.)
1.8% (2017 est.)



Founded in the 12th century, the Principality of Muscovy was able to emerge from over 200 years of Mongol domination (13th-15th centuries) and to gradually conquer and absorb surrounding principalities. In the early 17th century, a new ROMANOV Dynasty continued this policy of expansion across Siberia to the Pacific. Under PETER I (ruled 1682-1725), hegemony was extended to the Baltic Sea and the country was renamed the Russian Empire. During the 19th century, more territorial acquisitions were made in Europe and Asia. Defeat in the Russo-Japanese War of 1904-05 contributed to the Revolution of 1905, which resulted in the formation of a parliament and other reforms. Repeated devastating defeats of the Russian army in World War I led to widespread rioting in the major cities of the Russian Empire and to the overthrow in 1917 of the imperial household. The communists under Vladimir LENIN seized power soon after and formed the USSR. The brutal rule of Iosif STALIN (1928-53) strengthened communist rule and Russian dominance of the Soviet Union at a cost of tens of millions of lives. After defeating Germany in World War II as part of an alliance with the US (1939-1945), the USSR expanded its territory and influence in Eastern Europe and emerged as a global power. The USSR was the principal adversary of the US during the Cold War (1947-1991). The Soviet economy and society stagnated in the decades following Stalin’s rule, until General Secretary Mikhail GORBACHEV (1985-91) introduced glasnost (openness) and perestroika (restructuring) in an attempt to modernize communism, but his initiatives inadvertently released forces that by December 1991 splintered the USSR into Russia and 14 other independent republics.

Following economic and political turmoil during President Boris YELTSIN's term (1991-99), Russia shifted toward a centralized authoritarian state under the leadership of President Vladimir PUTIN (2000-2008, 2012-present) in which the regime seeks to legitimize its rule through managed elections, populist appeals, a foreign policy focused on enhancing the country's geopolitical influence, and commodity-based economic growth. Russia faces a largely subdued rebel movement in Chechnya and some other surrounding regions, although violence still occurs throughout the North Caucasus

Source: The CIA World Factbook - Russia


Makroökonomische Indikatoren

The sharp fall in global oil prices has resulted in a prolonged recession. Reduced export earnings are cutting imports and investment and severely limiting fiscal policy. The depreciation of the ruble has raised prices, squeezed real incomes, especially of the poorest, and reduced private consumption. Unemployment will continue to rise. Growth is projected to turn positive in 2017 as falling inflation and rising real incomes strengthen domestic demand. The recovery will nevertheless be slow, amid a lack of structural reforms and uncertain prospects for oil prices.

Given the large drop in real incomes, it is important to prioritise social spending and protect the incomes of the weakest. The accommodative fiscal stance is appropriate, but in the medium term fiscal policy needs to adjust to permanently lower oil prices. Returning to a fiscal rule limiting the use of oil revenues could facilitate this adjustment. The current tight stance of monetary policy seems appropriate, but easing should proceed with reductions in inflation expectations. Bank balance sheets should be monitored closely, as non-performing loans have been on the rise.

Measures to combat corruption, strengthen the rule of law, reduce state control, and reinforce skills and innovation would raise productivity. While red tape has been reduced recently, more progress is needed at the regional level. In the medium term, making the economy less dependent on rents from natural resource extraction will be the key to stronger and more stable income growth

Source: OECD - Economic Forecast

IMF Statistics:

Subject descriptor20142015201620172018
Gross domestic product, constant prices
Percent change
Gross domestic product, current prices
U.S. dollars (Billions)
Gross domestic product per capita, current prices
U.S. dollars (Units)
Inflation, average consumer prices
Percent change
Volume of imports of goods and services
Percent change
Volume of exports of goods and services
Percent change
Unemployment rate
Percent of total labor force
Current account balance
U.S. dollars (Billions)
Current account balance
Percent of GDP
Colored cells are estimates

Source: IMF Statistics - Russia


Luxemburg und das Land

Existing conventions and Agreements

Non double taxation agreement 

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

Air Services agreement

  • Convention from 7.5.1997 (Memorial 1999, A, p. 1538 )
  • Effective as of 24.6.1999 (Memorial 1999, A, p. 642)

Source: Administration des contributions directes


Weitere Informationen

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.


Contact points in Russia

Embassy of the Grand Duchy of Luxembourg in Russia


Mr. Jean-Claude KNEBELER

Khrouschevskiy per., 3
119034 Moscow
Tel: +7 495 786 66 63
Fax: +7 495 786 66 69
Email: moscou.amb(at)mae.etat.lu  

Economic and Commercial Attachés (FIT)

Economic and Commercial Attaché:

Mr. André DE RIJCK

Ulitsa Malaya Moltchanovka 7
121069 Moscow

Tel.: +7 495 695 81 36
Fax: +7 495 695 82 50
E-mail: moscow(at)fitagency.com 

Economic and Commercial Attaché:


Flanders Investment & Trade
Office 412, 4 Kostina St.
603000 Nizhny Novgorod

Tel.: +7 831 278 69 36
Fax: +7 831 430 16 73
E-mail: nizhnynovgorod(at)fitagency.com

Economic and Commercial Attaché:


Saperny Pereulok 11
191014 Saint Petersburg 

Tel.: +7 812 579 40 08 
Fax: +7 812 579 59 54
E-mail: saintpetersburg(at)fitagency.com

Honorary Consuls

Honorary Consul with jurisdiction in the Sverdlovsk oblast and Khabarovsk Krai:


Bureau in Yekaterinburg (Sverdlovsk Oblast)
Proletarskaya ulitza, 7
Tel: +7 8 343 216 05 10/11
Mobile: +7 8 912 241 34 70
E-mail: bagira(at)ekt.mbrd.ru 

Office in Khabarovsk (Khabarovsk Krai)
Ulitza Gogoyla, 27
Tel: +7 8 4212 306696
E-mail: e.v.petrus(at)dalcombank.ru 

Honorary Consul with jurisdiction in the Chelyabinsk region:                              


Tcheliabinskaia Oblast
Ulitsa Kirova dom 93
455 000 Magnitogorsk

Tel: +7 8 3519 247 292 / +7 8 3519 243 004
Fax: +7 8 3519 247 309
E-Mail: uk(at)mmk.ru

Honorary Consul with jurisdiction in the city of St. Petersburg:   


1, Teatralnaya Square, Moscow
198000 Russia
Tel: +7 812 714 56 24
Fax: +7 812 314 17 44

Honorary Consul with jurisdiction in the Vologda region:


30 Mira Street
Cherepovets, 162608
Tel: +7 8202 22 17 90
Fax: +7 8202 22 55 97
Email: maa(at)stal.ru 

Source: Ministry of Foreign Affairs Luxembourg  Source: www.flanderstrade.com

The Luxembourg-Russia Business Chamber

7, rue Alcide de Gasperi 
L-2981 Luxembourg - Kirchberg
+352 45 14 52 38 7

The Belgian-Luxembourg Chamber of Commerce in Russia

Head of the Moscow office
Novinskiy boulevard, 18
Moscow Russian Federation
Tel Moscow office: +74993903594
Tel Luxembourg  mobile: +352661444661

The Belgian-Luxembourg Chamber of Commerce for Russia in Belgium

Head of the Brussels office
Avenue Louise, 500
Brussels, Belgium
Tel Brussels office: +32 473 94 86 55


Country risk as defined by Office du Ducroire for Russia

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Link: Ducroire Office - Country Risk for Russia

Other Useful Links:


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