The Russian economy is heavily dependent on oil and gas exports from "summary" of Putin's People by Catherine Belton
In Russia, the economy's reliance on oil and gas exports is not just a minor factor - it is a fundamental element that shapes the entire economic landscape. The country's vast reserves of natural resources have long been seen as a blessing, but they have also become a curse, tying the economy to the volatile fluctuations of global energy markets. The importance of oil and gas exports to Russia cannot be overstated. These resources account for a significant portion of the country's GDP and government revenue, providing the financial backbone that supports the entire economy. As a result, any disruption in the energy sector - whether due to geopolitical tensions, price fluctuations, or other factors - can have far-reaching consequences for the Russian economy as a whole. The dominance of oil...
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