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Capital City: Moscow
Main Cities/Provinces: St. Petersburg, Yekaterinburg, Ufa, Sochi
Area: 17,098,242 km2 [making Russia the world’s largest country]
Major Industries: Machinery construction, chemicals and petrochemicals, fuel and energy, agriculture
Major Imports: Consumer goods, machinery, vehicles, pharmaceutical products, plastic, semi-finished metal products, meat, fruits and nuts, optical and medical instruments, iron and steel
Major Exports: Petroleum and petroleum products, natural gas, metals, wood and wood products, chemicals, and a wide variety of civilian and military manufactures
Currency: Russian Ruble
GDP [PPP]: $3.685 trillion (IMF April 2016) / per capita $25,185
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57 founding members, many of them prominent US allies, will sign into creation the China-led Asian Infrastructure Investment Bank on Monday, the first major global financial instrument independent from the Bretton Woods system.
Representatives of the countries will meet in Beijing on Monday to sign an agreement of the bank, the Chinese Foreign Ministry said on Thursday. All the five BRICS countries are also joining the new infrastructure investment bank.
The agreement on the $100 billion AIIB will then have to be ratified by the parliaments of the founding members, Chinese Foreign Ministry spokesman Lu Kang said at a daily press briefing in Beijing.
The AIIB is also the first major multilateral development bank in a generation that provides an avenue for China to strengthen its presence in the world’s fastest-growing region.
The US and Japan have not applied for the membership in the AIIB.