According to the Country Commercial Guide of the U.S. International Trade Administration, Russia is the sixth-largest economy globally, and its gross domestic product purchasing power parity is $4 trillion. The country has more than 140 million people with a growing purchasing power that demands well-known global brands and quality service. All these factors make Russia a strategic market for different international companies. Russian legislation evolves rapidly, and the personal data laws constitute no exception. Beginning on March 27, 2021, Russia now has new fines and an extended limitation period for data-related breaches.
