The federal government is composed of three branches:
Legislative: The bicameral Federal Assembly, made up of the State Duma and the Federation Council adopts federal law, declares war, approves treaties, has the power of the purse, and has power of impeachment, by which it can remove the President.
Executive: The president is the commander-in-chief of the military, can veto legislative bills before they become law, and appoints the Cabinet and other officers, who administer and enforce federal laws and policies.
Judiciary: The Constitutional Court, Supreme Court, Supreme Court of Arbitration and lower federal courts, whose judges are appointed by the Federation Council on the recommendation of the president, interpret laws and can overturn laws they deem unconstitutional.
According to the Constitution, constitutional justice in the court is based on the equality of all citizens, judges are independent and subject only to the law, trials are to be open and the accused is guaranteed a defense. Since 1996, Russia has instituted a moratorium on the death penalty in Russia, although capital punishment has not been abolished by law.
The president is elected by popular vote for a four-year term. Ministries of the government are composed of the premier and his deputies, ministers, and selected other individuals; all are appointed by the President on the recommendation of the Prime Minister. The national legislature is the Federal Assembly, which consists of two chambers; the 450-member State Duma and the 176-member Federation Council. Leading political parties in Russia include United Russia, the Communist Party, the Liberal Democratic Party of Russia and Fair Russia.
Economy
The economic crisis that struck all post-Soviet countries in the 1990s was nearly twice as intense as the Great Depression in the countries of Western Europe and the United States in the 1930s. Even before the financial crisis of 1998, Russia's GDP was half of what it had been in the early 1990s. Since the turn of the century, rising oil prices, increased foreign investment, higher domestic consumption and greater political stability have bolstered economic growth in Russia.
Russia has the world's largest natural gas reserves, the second largest coal reserves and the eighth largest oil reserves. It is the world's leading natural gas exporter and the second leading oil exporter. Oil, natural gas, metals, and timber account for more than 80% of Russian exports abroad.
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