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: RUSSIAN ECONOMY AS THE HOSTAGE OF HIGH OIL PRICES Abstract:This paper is about the bane of the Russian economy: rich oil and gas reserves, which hamper the implementation of structural economic reforms. Oil industry forms the backbone of the Russian economy playing a major role in ensuring revenues of the government budget and the country’s favorable trade balance. Creation-Date: 2012 Revision-Date: 2012 File-URL: https://www.iep.ru/files/RePEc/gai/wpaper/0036Drobyshevsky.pdf File-Format: Application/pdf File-Function: Revised version, 2012 Classification-JEL: L71, L72 Keywords: Russian economy, Russia’s oil-and-gas sector. Handle: RePEc:gai:wpaper:0036