Russia is likely to grow by 4.5 percent in 2010, followed by 4.8 percent in 2011, as domestic demand expands in line with gradual improvements in the labor and credit markets.

Employment is expected to improve gradually, however, enabling some further reductions in poverty.

Economic growth is accelerating

Russia's real estate sector increased by 65% in the first half of 2010

The property market begins recovery

Energy prices are raising again

Huge amounts of mineral reserves including platinum, nickel, aluminum, iron ore, copper gold and diamond

Massive arms export industry

Property prices continue to fall

High inflation

Negative population growth

Organized crime controls huge areas of the economy