Russia (6do encyclopedia)230512



Russia, officially known as the Russian Federation, is the largest country in the world, covering more than one-eighth of the Earth’s surface. It spans eleven time zones and shares borders with Norway, Finland, Estonia, Latvia, Lithuania, Poland, Belarus, Ukraine, Georgia, Azerbaijan, Kazakhstan, Mongolia, China, and North Korea. Its total population is estimated at approximately 144 million people as of 2021. Moscow serves as both the capital and the most populous city of the country.

Geography

Russia’s vast territory spans from Eastern Europe to Northern Asia and covers a total area of 17,098,242 square kilometers. It is bordered by 14 countries and two bodies of water in the Arctic and Pacific Oceans. The country is home to 9 time zones, the most of any country in the world.

The terrain of Russia is diverse and includes Arctic tundra in the north, a broad plain in the European part, log mountain range south of the plains, Lake Baikal in Siberia, and the Caucasus Mountains in the south.

Climate

Russia possesses the largest territory with continental climate in the world. It has long, cold winters and short, often hot summers. The average temperature in Moscow in January is -10 °C (14 °F), while in July it is +18°C (64.4°F). The Siberian region is known to record the lowest temperatures in Russia and the world.

History

The area that is now known as Russia was once inhabited by various indigenous peoples who were later conquered by the Mongol Empire in the 13th century, leading to the formation of the Kievan Rus’ state. The Kievan Rus’ was the first East Slavic state. The spread of Christianity in the region began in 988 and helped to create a unified state under the Moscow-based Grand Duchy of Moscow in the late 15th century. The Grand Duchy grew to become the Russian Empire under the rule of Peter the Great, who introduced western-style reforms.

The Russian Empire was dissolved in 1917 following the February Revolution, which overthrew the Tsarist autocracy. The Bolsheviks, led by Vladimir Lenin, took power and declared the formation of the Soviet Union in 1922. The Soviet era was marked by rapid industrialization, collectivization of agriculture, the establishment of a planned economy, forced labor, and the suppression of political opposition. The Soviet Union was dissolved in 1991 following the collapse of the Communist government and the economic turmoil that followed.

Politics

Russia is a federation comprising 85 federal subjects governed by a semi-presidential representative democratic republic. The President of the country is the head of state and is currently Vladimir Putin. The Prime Minister of Russia is the head of government and is currently Mikhail Mishustin.

The legislature is bicameral, consisting of the State Duma (the lower house) and the Federation Council (the upper house). Members of the State Duma are elected for a five-year term while members of the Federation Council are appointed by regional governors and serve indefinite terms.

The Russian Constitution provides for freedom of speech and assembly, but critics allege that the government has restricted these rights in practice. The country has been criticized for its treatment of political dissidents, journalists, and LGBT individuals.

Economy

Russia has a mixed economy with a large oil and gas sector, as well as significant mineral deposits. It is the third-largest producer of oil in the world and is also a major producer of natural gas, coal, and metals. The service sector has been growing in recent years, particularly in finance, education, and healthcare.

Russia has been undergoing a series of structural economic reforms since the fall of the Soviet Union, aimed at increasing efficiency and openness in the market. However, corruption remains a major issue. The country has also been affected by economic sanctions imposed by the United States and European Union in response to its annexation of Crimea and involvement in the conflict in eastern Ukraine.

Culture

Russia has a rich cultural heritage, with contributions in literature, music, dance, ballet, cinema, visual arts, and architecture. Some of the most renowned figures in literature include Leo Tolstoy, Fyodor Dostoevsky, and Anton Chekhov, while some of the most famous composers include Pyotr Ilyich Tchaikovsky and Sergei Rachmaninoff.

The country has a rich tradition of folk music, with instruments such as the balalaika, domra, and accordion commonly used. Some of the most popular types of traditional dance include the gopak and the troika.

Cuisine also forms an important aspect of Russian culture, with dishes ranging from borscht, a soup made with beetroot, to pelmeni, a type of dumpling containing minced meat and spices.

Tourism

Russia has a rich tourist industry, with notable landmarks such as the Red Square, St. Basil’s Cathedral, and the Hermitage Museum in St. Petersburg. Other popular destinations include Lake Baikal, the Trans-Siberian Railway, and the cities of Kazan and Sochi. Popular winter sports destinations include Krasnaya Polyana and the resorts of the Caucasian Mountains.

Conclusion

Russia is one of the largest and most diverse countries in the world, with a rich cultural heritage and long history. Today, it faces many challenges, including corruption and restrictions on political and civil rights. The country continues to make progress toward a more open and efficient market economy while maintaining its position as a major player in geopolitics. Despite the challenges, Russia remains a fascinating and complex country that continues to inspire and intrigue visitors from all over the world.


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Millions of pension savers’ personal data targeted in Capita hack

Telegraph

23-05-12 17:43


Russian hackers have accessed personal data belonging to millions of UK retirement savers. Reports suggest more than 300 pension funds were hit by the attack on IT outsourcer Capita in March, making it the largest cyber attack on UK retirement schemes in British history. The Universities Superannuation Scheme, the biggest private pension pot in the country, was reportedly hacked, with data stolen including the names, dates of birth, and National Insurance numbers of 470,000 members. Other data believed to have been taken is similar in nature. Companies using the Hartlink software, which was used by the hackers, include Axa, BAE and Marks and Spencer.

https://www.telegraph.co.uk/business/2023/05/12/capita-hackers-steal-personal-data-350-funds-hack/
Exclusive: IAEA chief aims to present Zaporizhzhia deal to UN this month -diplomats

Reuters

23-05-12 17:35


Rafael Grossi, the head of the International Atomic Energy Agency, plans to present an agreement on Ukraine’s Zaporizhzhia nuclear power plant to the UN Security Council this month. The agreement, which has been negotiated over months, seeks to reduce the risk of a catastrophic nuclear accident in Ukraine, which has increased as Russian-occupied regions are further destabilised by fighting as the country prepares a counteroffensive. Grossi’s plan includes principles on protecting the plant and reducing the military activity around it.

https://www.reuters.com/world/europe/iaea-chief-aims-present-zaporizhzhia-deal-un-this-month-diplomats-2023-05-12/
Ukraine: The Latest - Ukraine 'breaks through' in Bakhmut as Zelensky barred from Eurovision

Telegraph

23-05-12 17:35


Ukrainian forces have launched a counter-offensive against pro-Russian separatists in the area of Bakhmut, according to reports by Russian sources. Ukrainian deputy Defence Minister Serhiy Yarovzhych has said that two kilometres were gained in Bakhmut, while Russia has "suffered significant losses". In an interview with Ukrainian television channel 24, Yarovzhych said the offensive marks the beginning of a "big operation to liberalise the whole occupied territory." Meanwhile reports suggest South Africa secretly supplied Russian forces with weapons.

https://www.telegraph.co.uk/news/2023/05/12/ukraine-breaks-through-in-bakhmut/
UK avoids recession but inflation fears linger

Financial Times

23-05-12 17:19


While GDP in the UK rose by 0.1% in Q1 2022 and avoided recession, inflation remains high and higher interest rates are raising concerns for British households. The Bank of England has said that its latest key interest rate rise to 4.5%, the highest in almost 15 years, will help accelerate later growth, but has warned it may not hit its inflation target until 2025, a downgrade from its previous forecast. The bank said it expects the consumer price index (CPI) to fall from the current 10.1% to 5.1% in Q4 2023, compared to its previous prediction of 3.9%. The UK is experiencing food inflation at its highest rate in 45 years, making it difficult for families and leaving the country stuck at the bottom of the G7 league table. The government declined to investigate supermarket “profiteering”, while France has agreed to set the “lowest possible price” on certain products for three months.

https://www.ft.com/content/c34a7afb-b9d4-4e71-9556-54268e49e1c2
EU gas derivatives market becoming less transparent, watchdog warns

Financial Times

23-05-12 17:19


A report by the European Securities and Markets Authority (ESMA) has found that more deals in Europe's €4tn natural gas derivatives market are being executed outside of exchanges as a result of Russia's Ukrainian invasion. The report noted that the share of trades on the opaque over-the-counter market had increased from 15% last summer to 27% this year, having shifted from regulated futures exchanges, warning it raised concerns due to "more limited transparency and more bespoke margin and collateral requirements in that market segment.” Producers and traders that rely on futures markets to hedge against volatile price moves and lock in supply months in advance were last year loaded with sharply rising demands for margin. The EU also brought in a cap on the price of gas traded on exchange but exempted the over-the-counter market (OTC), however, it warned that its "price cap could be pulled if too much trade moves to over-the-counter deals that are less transparent, less subject to regulatory scrutiny, and carrying greater risks of defaulting on obligations for the parties involved.”

https://www.ft.com/content/7bdca7fe-7ba2-40ba-bbac-144b9187799e