1. The Russian Federation
- Author:
- Fiona Hill, Clifford G. Gaddy, Dmitry Ivanov, and Igor Danchenko
- Publication Date:
- 10-2006
- Content Type:
- Policy Brief
- Institution:
- The Brookings Institution
- Abstract:
- Energy is at the heart of Russia's remarkable change of fortune over the past seven years. Emerging from a state of virtual bankruptcy in August 1998, the country now enjoys large surpluses, has inverted its debt burden with the outside world, and has racked up successive years of economic growth and low inflation. This dramatic turnaround is directly related to Russia's status as the world's largest producer of oil and natural gas—the country has benefited tremendously from soaring prices on the world market.
- Topic:
- Development, Emerging Markets, and Energy Policy
- Political Geography:
- Russia, Europe, and Asia