Business News Russia - Page 21

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Peter the Great officially proclaimed the existence of the Russian Empire in 1721. A portrait by Hippolyte Delaroche.

multifaceted foreign policy. As of 2009, it maintains diplomatic relations with 191 countries and has 144 embassies. The foreign policy is determined by the President of Russia and implemented by the Ministry of Foreign Affairs.

As one of five permanent members of the UN Security Council, Russia plays a major role in maintaining international peace and security. The country participates in the Quartet on the Middle East and the Six-party talks with North Korea. Russia is a member of the Group of Eight (G8) industrialized nations, the Council of Europe, OSCE and APEC. Russia usually takes a leading role in regional organizations such as the CIS, EurAsEC, CSTO, and the SCO. Former President Vladimir Putin had advocated a strategic partnership with close integration in various dimensions including establishment of four common spaces between Russia and the EU. Since the collapse of the Soviet Union, Russia has developed a friendlier, albeit volatile relationship with NATO. The NATO-Russia Council was established in 2002 to allow the 26 Allies and Russia to work together as equal partners to pursue opportunities for joint collaboration.

Military

Russia assumed control of Soviet assets abroad and most of the Soviet Union's production facilities and defense industries. The Russian military is divided into the Ground Forces, Navy, and Air Force. There are also three independent arms of service: Strategic Rocket Forces, Military Space Forces, and the Airborne Troops. In 2006, the military had

1.037 million personnel on active duty.

Russia has the largest stockpile of nuclear weapons in the world. It has the second largest fleet of ballistic missile submarines and is the only country apart from the U.S. with a modern strategic bomber force. Russia's tank force is the largest in the world, its surface navy and air force are among the strongest.

The country has a large and fully indigenous arms industry, producing most of its own military equipment with only few types of weapons imported. Russia is the world's top supplier of arms, a spot it has held since 2001, accounting for around 30% of worldwide weapons sales and exporting weapons to about 80 countries.

It is mandatory for all male citizens aged 18–27 to be drafted for a year