It is a federal semi-presidential republic which is currently ruled by Vladimir Putin. ... Russia today has the 9th largest economy in the world by GDP and the 6th largest by purchasing power parity (PPP). After Mikhail Gorbachev came into power as the leader of the Soviet Union, continuing the economic liberalisation moved the economy towards a market-oriented socialist economy. ... This also lead to other kinds of power sharing such as nepotism (favoring family members). ...

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• Grade Level: Undergraduate