publication . Preprint . Article . 2013

A View on Russian Economy Mid-Term Perspectives

Sergey Drobyshevsky;
Open Access
  • Published: 01 Jan 2013
Abstract
We use to consider Russia as a commodity state whose welfare was mainly based on extraction and export of hydrocarbons. Well, Russia has one of the biggest oil and natural gas endowments, virtually dominates at the European crude oil and natural gas markets and actively builds up export of oil and gas to China South East Asia. Export of oil and gas accounts for 2/3 of exports, and taxes from those industries provide more than 50% of federal budget revenues. But, the world is changing, traditional assumptions are no longer valid, and the oil and gas sector is not a key driver of Russian economic growth anymore.
Subjects
free text keywords: Russian economy, jel:A1, jel:P10, Economy, Revenue, Economics, International trade, business.industry, business, East Asia, Federal budget, Commodity, Natural gas, Fossil fuel, Welfare, media_common.quotation_subject, media_common, China
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publication . Preprint . Article . 2013

A View on Russian Economy Mid-Term Perspectives

Sergey Drobyshevsky;