Global Awareness & Investment Feasibility of Russia - Assignment Example

In 2007, the production of crude steel raised with a significant drop in 2008 and 2009. There was a minimal recovery in 2010 and 2011 and the production dropped in the past two years to a figure less than 2007 by 12%. Despite the worldwide recession, russia experienced a fall in export in steel mill provision of 3% in 2009. The drop made the country the world's biggest steel distributor after the EU and Japan and in front of Ukraine (Ivanova 2013).

On August 7, 2014, quite several foodstuffs such as pork, beef, fruits, and dairy products were banned by the russian government. The prohibition of the products was mentioned after the announcement by the russian prime minister in response to the EU and the U.S. economic sanctions on russia. The country was not allowed to import these products from Australia, the United States, Canada, and the EU. Following the ban, a remote Russian monastery bucked the trend by manufacturing its exotic cheese. Priests at the monastery are now producing mozzarella and smoked ricotta. After the introduction of new cheese and milk processing machines to the monastery from an Italian corporation, Russians now have their cheese factory (Sonne and Troianovski, 2014).

As the russian preside prepares to convene European leaders, he warned Western nations of their attempts to blackmail russia. He warned them that those attempts could lead to discord among great nuclear powers. The president said that the economic health of the world, as well as that of Europe, could be undermined due to the bans against russia. The Serbia military parade after 29 years is preparing to welcome russian president vladimir putin. The welcome occurs when the ex-Yugoslav nation continues to stabilize its ambitions with the EU through close relations with russia. In preparation for the occasion, military aircraft have been thriving over the city (Malfliet & Laenen, 2007).

On 22 June 1994, russia signed the NATO partnership for peace. On May 20, 1997, russia and NATO signed the Foundation Act, which they hoped would provide the foundation for a lasting and robust affiliation between russia and the alliance. On the 24th of June 1994, the European Union and Russia signed cooperative and partnership conformity. The russian federation has been a WTO member since the 22nd of August 2012. In May 2007, OECD states decided to invite russia, Chile, Israel, Estonia, and Slovenia to an open conversation. The discussion was for the membership to the organization and provided a plan of improved engagement with India, Brazil, South Africa, and Indonesia (Malfliet & Laenen, 2007).

russia officially joined the collection of eight in 1998, after steps to democratization and many years of meetings with the G7. The then US president Bill Clinton supported the inclusion of Russia as a gesture for the russian President Boris. The G7 leaders hoped that the inclusion of russia will help safeguard the country's democratic process. In 2006, russia held the G8 presidency for the first time, and it will assume the executive in 2014. russia is also the third major trading partner of the EU, having the member countries exporting 108bn Euros of merchandise to the country (Blank, 2012).