Russia: CE Opportunities

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Home > Publications

Russia: CE Opportunities

Item Id: INT_WP_RUSSIA_ECD

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Description

Russia’s roller-coaster economy of the past two decades has demonstrated consumers’ appetite for world-class products, such as consumer electronics devices and also the challenges of overhauling an entire business landscape. During the first years of the 21st century, the rise in personal income in Russia triggered a wave of consumer demand, causing the CE market to grow. As a legacy of its communist past, Russia is the world’s largest economy that is not a member of the 153-nation World Trade Organization (WTO), the global trade watchdog organization. Recently Russia has threatened to place tariffs on goods ranging from shoes to furniture, further hindering its WTO aspirations.