13 Facts About Russia's Economy

Russian ruble. Reuters

Market Insider: 13 mind-blowing facts about Russia's economy

* Following World War II, the Soviet Union emerged as a global superpower to rival the United States.
* But after the Soviet Union crumbled in the early 1990s, Russia had to reinvent its economy.
* Markets Insider compiled 13 surprising facts about Russia's economy.

Following World War II, the Soviet Union emerged as a global superpower to rival the United States.

But when the Soviet Union crumbled in the early 1990s and reemerged as Russia, it had to reinvent its economy. In the decades that followed, the communist nation has experienced plenty of economic struggles.

As Russia continues to try to reassert itself as a global power, it faces a fluctuating currency, declining population, and an economy that is in many ways dependent on oil and gas.

Here are 13 mind-blowing facts about Russia's economy:

Read more ....

WNU Editor: I would add a few more facts. Low tax rate. Less government paperwork and regulations when compared to the west. A need for contract law to take hold in the courts.