Russian Domestic Goods

Russia’s domestic goods include a variety of natural resources that make the country an energy superpower. In fact, Russia has the world’s largest supply of minerals and other commodities. These materials include 22% of the world’s oil, 16% of the world’s coal and 40% of the world’s natural gas. The country also has abundant supplies of wood and timber, along with several minerals and precious metals. These things include iron ore, nickel, gold, diamonds, furs, zinc, aluminum, tin, lead, platinum, copper and other important resources. These domestic good are the backbone of the international economy. As the price of oil and gas increases, these resources will strengthen Russia’s influence throughout Europe, Asia and North America. These domestic goods also give Russia energy independence over its most serious economic and political rivals.

Domestic Oil Production

One of Russia’s most important domestic goods is oil production. Today, the country ranks as one of the world’s largest suppliers of petroleum. There are significant oil reserves throughout Russia in a number of areas. These locations include central Russia, the Ural Mountains, the Kola Peninsula, southern Karelia and parts of central Siberia. These domestic goods act as an economic hedge against global uncertainty and other financial challenges. Russia’s sale of oil on the open market also balances the influence of Middle Eastern states that want to sell their oil. This domestic product enables Russia to have greater political power in the Middle East and offset the reach of the United States.

Waterpower

Waterpower is another important domestic good in Russia. Hydroelectric power started during Soviet Russia with the construction of dams, reservoirs and utility factories. Today, these power stations operate throughout Russia on the Volga and Kama rivers. Four of the most important power stations are the Sayan-Shushenskoye and Krasnoyarsk on the Yenisey River and the Bratsk and Boguchany on the Angara Rviver. These domestic goods further allow Russia to maintain its energy independence and use its natural resources.

Wood and Forest Region

Timber is a major domestic good that helps the Russian economy. The country has nearly 1,600 miles of forests that are the most extensive in the world. The northern and central parts of Russia are home to coniferous forests. The southern part of Russia has a variety of trees. These forests include oak, aspen, hornbeam, linden, ash, alder, elm, maple, and, above all, birch. The Steppe region also has many grasslands and scattered forests. The rich soil for Russia’s farming industry is also in this area. These domestic goods allow Russia to be competitive on the global market. They also strengthen the country’s influence across Eastern and Western Europe. As an exporter of these goods, Russia is an economic and social power.