Russia also officially known as the Russian Federation is a country in northern Eurasia. It is a federal semi-presidential republic. Russia is the largest country in the world, covering more than one-eighth of the Earth's inhabited land area. Russia is also the world's ninth most populous nation with 143 million people as of 2012. The Russian economy ranks as the ninth largest by nominal GDP and sixth largest by purchasing power parity in 2014Russia's extensive mineral and energy resources, the largest reserves in the world, have made it one of the largest producers of oil and natural gas globally. Since the turn of the 21st century, higher domestic consumption and greater political stability have bolstered economic growth in Russia.
As the economy of this great country thrives, so does its international business growth. However, conducting business with Russia comes with the need to fully understand the countrys vast regulatory standards. The reason is because Russia is a heavily regulated country and as such is a complex environment in which to do business with. These Russian standards bring about a need for translations that take into consideration national public law in all sectors where Russian regulation affects the business of their clients, including oil and gas, construction, foreign trade, the environment, telecommunications, trade in regulated products, and anti monopoly rules and regulations. Gost R, outside the Russian territory, means a very diverse group of certifications. Certifications can be dedicated to particular sectors of the economy, such as research, extraction and transportation of hydrocarbons, construction and others.