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INTRODUCTION Despite all the hardships and obstacles, Russia remains a very important and attractive country for business due to its large size and great demand, not only for new, qualitative equipment, but also for very simple and elementary devices. During the last decade the country has greatly advanced in building new civilized market relationships and certainly, the Russian market nowadays is not a "virgin land" ready to receive an immense quantity of any goods at any price. However, market demand is still very big and with methods of doing business becoming more "western-style" Russia makes more and more foreign businessmen turn their look towards expansion into their market. This report analyzes the pros and cons of Russia’s business environment, in order to provide the information necessary to make an educated decision on whether or not to establish a manufacturing facility in this country. The topics discussed include: current events, political economy, culture, business environment, trade and a conclusion which states if, how and why we would choose to establish a facility in Russia. CURRENT EVENTS Russia has had a few ongoing current events since July. The country has been plagued with suicide