russia

Aside from being renowned for its vodka, Russia is probably the world’s largest bank of natural resources. Check out these impressive stats, courtesy of Wikipedia and the CIA World Factbook:

  • Largest natural gas reserves in the world
  • 2nd largest coal reserves in the world
  • 8th largest oil reserves in the world
  • Leading natural gas exporter in the world
  • 2nd leading oil exporter in the world

With these impressive numbers, it’s no surprise that some countries would like to enhance their relationship with Russia. However, one big thing to remember while conducting business in Russia is patience.

While your Russian business partner might be 1-2 hours late, it is important that you remain calm. It is socially acceptable for Russian natives to be tardy but for foreigners to be punctual at all times. Patience is one of the most important virtues in Russian society. Thus, do not be surprised if your Russian business partner purposefully arrives late to test your patience.

Other tips to keep in mind include the following:

  • Bring a business card that is printed on both sides (one side in English, the other in Russian)
  • Avoid standing with your hands in your pockets or shaking hands with gloves as this is considered impolite
  • Do not speak or laugh loudly; this is rude in the Russian culture
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