Liudmila Popova

[ 1 ] - Oil Price Shocks and Russia’s Economic Growth: The Impacts and Policies for Overcoming Them

Considering Russia’s rich and vast oil resources, this country is one of the world’s greatest producers and exporters of this nonrenewable energy resource, and like other petrostates, receives a major part of its national income in this way. The dependence of Russia’s budget on oil has raised the significance of world oil price fluctuations for this country. Since 1970s, the global oil market h...