Page 31 - Turkinsurance Digital Magazine

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RUSSIA

Russia, which is the largest country in the world

with an area of more than 17 million 98 thousand
kilometers, is the ninth most populous country in
the world with a population of more than 142.3
million people. In the country where 165 insurance

companies operate, premium production of insurance
nd
companies in the 2 quarter of 2021 reached 434.4
billion rubles.

Russia, governed by a federal semi-presidential republic, is a northern Eura-
sian country. Russia, which is neighbor to Norway, Finland, Estonia, Latvia,
Lithuania and Poland, Belarus, Ukraine, Georgia, Azerbaijan, Kazakhstan,
China, Mongolia and North Korea, covers one eighth of the world's living area
and with its population exceeding 142.3 million, it is also the ninth most pop-
ulous country in the world.

The country, on which there are many various environmental and landforms,
is divided into nine time zones. Known for its historical heritage from Eastern
Slavs to Byzantium, from the Soviet era to World War II, Russia is the ninth
largest country in the world with its economy. Factors such as mineral and
energy resources, oil and natural gas production, the nuclear weapons industry
also make Russia a strong country.

Oil and gas country

The country is dominated by a humid continental climate, the semi-arctic cli-
mate is observed in most of Northern European Russia and Siberia. The polar
climate is also one of the types of climate that appears in the country. Among
the most important natural resources of Russia are large oil deposits, natural
gas, coal, minerals, bauxite and timber. Although Russia is the largest country

Selected indicators for Russia
Population 142,3 million
GDP Per Capita 26,500 USD

Unemployment rate 4,6%
GDP 3.875 trillion USD
Public debt 15.5% of GDP
Number of insurance companies 165
Total premium production in 2021 Q2 6,09 billion USD
Reference: CIA, ARIA;OECD