Fact Sheet: Russia - Canada's Priority Market

Russia was removed as a priority market under the Global Markets Action Plan due to sanctions applied against it.

Fast Facts

  • Capital: Moscow
  • Population (millions): 143.7
  • Total area: 16,376,870 km2
  • Currency: Ruble
  • Language (s): Russian, others

Economic Facts 2014

  • GDP ($ billions): 2,073.4
  • GDP per capita ($): 15,262
  • GDP growth (%): 0.6
  • Inflation (%): 7.8
  • Unemployment (%): 5.1

Key Opportunities

  • Aerospace
  • Agriculture and processed food
  • Infrastructure
  • Mining
  • Oil and gas
  • Wine, beer and spirits

Major Negotiations and Agreements

Support Services

Trade Commissioner Service of Canada

Trade and Investment Promotion Initiatives

  • Intergovernmental Economic Commission
Trade and Investment
Value (in millions of dollars)
 2014
Canada’s merchandise exports to Russia$1,246.8
Canada’s merchandise imports from Russia$726.0
Canadian investment in Russia$3,384
Russian investment in CanadaCommercially sensitive information