All About Russia - Remitbee's Newest Remittance Country

By Remitbee - Aug 31, 2021

Здравствуйте! Russia was part of Remitbee’s recent expansion and is now supported for electronic money transfers. We offer one of the lowest Canadian dollar to Russian ruble exchange rates available and send your money affordably and securely. There are never hidden fees when you use Remitbee, and funds are transferred directly into your loved one’s bank account. You can start by visiting our website or downloading our app and creating a free account.

Russian Canadians

There is a large population of Russian immigrants in Canada. At the 2016 census, more than 620,000 people reported Russian ancestry, and that number has grown in the past five years. There are a number of famous Canadians with significant Russian ancestry, including Pamela Anderson, Victor Garber and NASA astronaut Gregory Chamitoff. Russians began settling in Canada as far back as the 1790s when they operated as fur trappers and traders along the coast. Today there are vibrant Russian communities in many of the larger cities in Canada and there are more than 40 Russian Orthodox churches spread throughout the nation.


While Russia is the largest country by area in the world at 17,098,242 square kilometres, meaning it occupies 1/10 of all of the land on Earth, it only has a population of 144.4 million. This places it at number 9 on the list of most populous countries on the planet. For comparison, Canada is the second-largest by area, trailing Russia by over 7 million square kilometres. The country is vast and varied, with freezing tundra in Siberia and a warmer coastline in the south. Vodka was created in Russia in the 8th century, and the country is home to the longest railway in the world.

The capital city, Moscow, is the largest city with 12.7 million residents, followed by Saint Petersburg at 5.4 million and Novosibirsk at 1.6 million. Yekaterinburg, Nizhny Novograd, Kazan, Chelyabinsk and several other large urban centers also have more than 1 million inhabitants. Until 1991, Russia was part of the Soviet Union, and Soviet architecture, monuments and other relics can still be found throughout the country. Most Russians live spread out in smaller towns and cities throughout the vast country.

A little under half of the population practices Christianity, with a majority of those being members of the Russian Orthodox Church. Despite this fact, Christmas is not widely celebrated in Russia though, and New Year is the major December holiday instead. The entire country gets the first week of the year off work and celebrates with specific foods and feasts, drinking and celebrations. Defender of the Fatherland Day is celebrated on February 23 and has been observed since 1922 since military service was compulsory for men in the USSR. Women tend to organize small parties and gifts for the men in their lives. The counterpart, International Women’s Day, is on March 8 and the men give women an odd number of flowers, mainly tulips. Easter is a major holiday given the widespread Christian faith in the country, and Russia Day has been celebrated on June 12 since 1992 when Russia became independent from the Soviet Union.

Also, read - Money Remittance Fraud and Scams (2022)

Partner Banks in Russia

There are many large banks in Russia, with the two largest accounting for more assets than the next 20 largest combined. These banks are Sberbank and VTB, which are both state-owned. Sberbank (SBER) was founded in 1841 and currently ranks as one of the largest banks in Europe. It is so large that it is between 2.75 and 3.5 times bigger than VTB. Gazprombank, VTB24, Bank Otkritie Financial Corp. and the Bank of Moscow are the next largest banks and have more than $40 billion of assets between them.

Whichever bank you are transferring, you can get the most competitive CAD to RUB exchange rate with Remitbee and be assured that your funds will arrive safely and quickly directly in your loved one’s bank account.

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