OECD Economic Survey of Russia - European Statistical System (ESS)

The Russian Federation's economy is growing, but further reforms are needed to bolster future growth, improve the business climate and strengthen innovation, according to the latest Economic Survey of Russia.

"The Russian economy is at a crossroads," said OECD Secretary-General Angel Gurría. "It has tremendous potential but is still heavily reliant on volatile revenues from natural resources. It would do well to invest more in infrastructure, human capital and innovation, so that larger segments of society can partake in Russia's transformation."