Stereotypes about Russia Some information about Russia: we speak Russian language, religions-Orthodox Christians and Muslims (in some regions of Russia), education system: in 2014, the Pearson/Economist intelligence unit rated Russian education as 8 th best in Europe and 13 th best in the world. Economy: Russia has a high-income mixed economy with state ownership in strategic areas of the economy. Market reforms in the 1990 s privatized much of Russian industry and agriculture, with notable exceptions in the energy and defense-related sectors. Russia is unusual among the major economies in the way that it relies on energy revenues to drive growth. The country has an abundance of natural resources, including oil, natural gas and precious metals, which make up a major share of Russia's exports. As of 2012 the oil-and-gas sector accounted for 16% of the GDP, 52% of federal budget revenues and over 70% of total exports. Accurate stereotypes about doing business in Russia: 1. Russian entrepreneurs know English quite bad. 2. Mr. Putin controls business in Russia. Two inaccurate stereotypes about doing business in Russia: 1. Russian entrepreneurs drink vodka before business meetings. 2. Russians are communists, so they have no business. The two tips for leading, managing, and working with people from Russia 1. It is important to get formal language and titles right if you are doing business in Russia 2. Connections are very important.
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