Template-Type: ReDIF-Paper 1.0
Author-Name:Sergey Drobyshevsky 
Author-Name-First: Sergey                                
Author-Name-Last: Drobyshevsky
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title:  A View on Russian Economy Mid-term Perspectives
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 But, the world is changing, traditional assumptions are no longer valid, and the oil and gas sector is not a key driver of Russian economic growth anymore.
Length:  5 pages
Creation-Date: 2013
Revision-Date:   2013
Classification-JEL: A1, P10
Keywords: Russian economy
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/175Drobyshevsky.pdf
File-Format: Application/pdf
File-Function: Revised version, 2013
Handle: RePEc:gai:ppaper:175