Conference on Russia Papers

Russia is a country with abundant sources of energy. Its economy is heavily reliant on the oil and gas industry, which provides revenue for many non-energy sectors such as equipment manufacturing, field services, and transportation. In the past decade, Russia has made significant contributions to the economic development of its energy industry. In theory, the current version of Russia’s “Energy Strategy Through 2035” is based on a comprehensive analysis of the current state of the energy sector in the country. In practice, however, these trends represent a shift from dependence to addiction. However, Russia’s continued reliance on its oil and gas industry and disregard for the consequences of its actions will ultimately harm the country’s economic development.