Russia is in Northern Asia (the area west of the Urals is considered part of Europe), bordering the Arctic Ocean, between Europe and the North Pacific Ocean. The climate ranges from humid continental in much of European Russia, subarctic in Siberia, to tundra climate in the polar north. The official language is Russian. The younger generation commonly speak English, but the language barrier can be a problem with older business people and an interpreter is generally needed. French and German are the most commonly spoken languages after English. Knowledge of the Cyrillic script is essential for reading the names of streets and metro stations. The main religions are Christianity and Islam. The economy of Russia is the eighth largest economy in the world by nominal value and the sixth largest by purchasing power parity (PPP). Oil, natural gas, metals, and timber account for more than 80% of Russian exports abroad. In Russia dinners often involve a series of toasts, guests are generally expected to offer a reciprocal toast. Formal business dress is considered a sign of authority. The security risk for expatriates in Russia is medium to high, but extreme for The North Caucasus. Risks include petty crime and poor infrastructure including roads, while violent crime involving expatriates is rare. Additional risks in the North Caucasus include conflict between security forces and militants, and kidnapping. The currency of Russia is the Russian Rouble (RUB). US dollars or Euros are best for exchange in Russia at banks, hotels and airport exchange bureaux. Most hotels, restaurants and larger shops accept credit cards. ATMs are available in most major cities. Medical facilities vary but are generally good, however the cost of treatment for expatriates can be high. Air quality in Moscow can worsen in certain weather conditions. The population of Russia is 144.5 Million (2018 est.), while the inflation rate (CPI) is 2.4% for Russia as at April 2018. For a single Expat, the personal income tax rate in Russia is a flat rate of 13%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Russia, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Russia as at 1 April 2018 is average in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Low 2) Clothing: Very High 3) Communication: Very Low 4) Education: Very Low 5) Furniture & Appliances: Very High 6) Groceries: High 7) Healthcare: Average 8) Household Accommodation: High 9) Miscellaneous: Average 10) Personal Care: Very Low 11) Recreation & Culture: Low 12) Restaurants Meals Out and Hotels: High 13) Transport: Very Low Russia is for example 13.9% more expensive than USA for groceries, -2.6% cheaper for household costs than UK, and 41.8% more expensive for transport costs than India. The hardship premium for Russia for an expat from Australia, is for example 20%, i.e. host location (Russia) premium of 30% minus home (Australia) location premium of 10%. Russia is ranked as a high degree of hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Russia? Register subscribe to your home location and Russia and run your personalised reports.