In October 2008 the govt of the Russian Federation approved the country's foreign economic Strategy till 2020, that was ready by the Ministry of Economic Development of Russia, with the active participation of different ministries and agencies, moreover as businesses.

For the primary time in recent years, the branch and geographical priorities of the foreign policy of Russia in relation to long-term goals of domestic policy were recorded during this Strategy.

At the preliminary stage major analysis institutes and assume tanks and specialists from agencies within the space of foreign economic relations and trade representatives of the Russian Federation in foreign states were concerned in functioning on the project of the foreign economic strategy, that truly began in September 2004.

For the primary time in fashionable observe a joint expanded meeting on this issue of the Board of the Ministry of Economic Development and also the Board of Ministry of Foreign Affairs of Russia with the participation of I. Shuvalov, the primary Deputy Prime Minister, heads of the interested Federal government authorities and also the Government workplace of the Russian Federation was held for making ready the draft document (13 October, 2008).

The necessity for the event of this document is as a result of each of the above-mentioned issues of the foreign economic sector of Russia, and also the proven fact that currently qualitatively a brand new scenario within the world economy caused by each external and internal factors is being developed.

External factors are manifested primarily in strengthening trade and political influence of foreign countries within the sphere of international trade, which needs an adequate advanced application of the complete vary of external economic tools in Russia.

Internal reasons are connected primarily to the requirement to transition to an innovative model of socio-economic development.

A long-term goal of the foreign policy of Russia is to produce a worldwide leadership for the country joined of the leading world economic powers of the twenty first century. during this regard, Trade Strategy is predicated on the key provisions of the CLD-2020, as well as section vi, "Foreign Policy", that documented the goals, principles, priority areas and geographical diversification of the foreign economic relations of Russia.