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The Russian Federation is classified as a high-income country with a population of over 143 million people as of 2024. It spans both Europe and Asia and shares borders with 14 countries. Russia is one of the world's largest grain producers with an industrialized mixed market economy. The country is also rich in natural resources, possessing significant deposits of hydrocarbons such as oil, natural gas, and coal, along with bauxite, gold, nickel, and other minerals.

 

Source: World Bank 

 



Vos conseillers auprès de la Chambre de Commerce

Regina Khvastunova

Contactez-nous: russia@cc.lu


Indicateurs clés

Surface
17,098,242 km2
Population
143,533,851. (2024)
Type de gouvernement
semi-presidential federation
Langues
Russian (official) 85.7%, Tatar 3.2%, Chechen 1%, other 10.1%; note -
PIB
$2.17 trillion (2024)
Taux de croissance
0,9% (2025)
HDI
52
Capitale
Moscow

Indicateurs macroéconomiques

Growth in the Russian Federation is expected to decrease to an average of 1.3% in 2025 and 2026. This rate is nearly three times slower than the growth projected for 2024 and is below the 2% average growth experienced from 2010 to 2019. The decline can be attributed to several factors, including capacity constraints, increasing borrowing costs, stricter sanctions, and lower energy prices.

Source: World Bank
 

IMF Statistics:

Subject descriptor 2023 2024 2025 2026 2027

All Items, Consumer price index (CPI), Period average, percent change

Percent

(Units)

5.859

8.444

9.002

5.176

4.0

Current account balance (credit less debit), Percent of GDP

Percent

(Units)

2.398

2.907

1.742

1.559

1.52

Current account balance (credit less debit), US dollar

US dollar

(Billions)

49.397

63.167

44.261

39.115

39.201

Exports of goods and services, Volume, Free on board (FOB), Percent change

Percent

(Units)

-12.04

-1.909

2.713

2.534

2.698

Gross domestic product (GDP), Constant prices, Percent change

Percent

(Units)

4.083

4.344

0.609

0.953

1.1

Gross domestic product (GDP), Current prices, Per capita, US dollar

US dollar

(Units)

14079.095

14871.314

17445.75

17287.361

17830.752

Gross domestic product (GDP), Current prices, US dollar

US dollar

(Billions)

2059.759

2173.225

2540.656

2509.421

2579.614

Imports of goods and services, Volume, Cost insurance freight (CIF), Percent change

Percent

(Units)

7.12

17.143

-5.372

-0.295

3.898

Unemployment rate

3.167

2.508

2.4

3.125

3.972

Estimates

Source: International Monetary Fund - IMF Data


Le Luxembourg et le pays

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.

  • Convention from, 28.06.1993 (Memorial 1995, A No.68, p.1689)
  • Effective as of 01.01.1998(Memorial 1995, A No.68, p.1689)
  • Amendment of the Convention from 21.11.2011 (Memorial 2013, A No.114, p.1715)
  • Effective as of 01.01.2014 (Memorial 2013, A No.114, p.1715)

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


Informations supplémentaires

 

Contact points in Russia

Embassy of the Grand Duchy of Luxembourg in Russia

Ambassador with residence in Moscow: Mr Tom REISEN

Khrouchtchevsky Pereoulok 3,
119 034 Moscow
Russia

Tel.: (+7-495) 786 66 63
Consular Tel.: (+7-495) 786 66 65 
Fax: (+7-495) 786 66 69
Consular Fax: (+7-499) 786 66 67 
E-mail: moscou.amb@mae.etat.lu 
Website: moscou.mae.lu

 

Economic sanctions Helpdesk

https://www.cc.lu/en/thematic-dossiers/economic-sanctions-helpdesk

 

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