Thu. Sep 12th, 2024

Russia is also known as the Russian Federation. The official language of the country is Russian and the capital of the country is Moscow. The currency of the country is Russian Ruble. The Constitution of Russian Federation establishes the special legal status of the Central Bank of Russian Federation. It has the exclusive right to issue currency and to protect the Russian Ruble along with ensuring its stability in the economy.

The legislative power i.e., the law-making power is vested in the Federal Assembly of the Russian Federation. The Federal Assembly is the Parliament of the Russian Federation. It is a bicameral legislative body where the State Duma is one of the chambers and the other chamber is the Federation Council. The President of Russia is the Head of the State and the executive power is exercised by the Government of the Russian Federation.

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