Description
At the face of the global economic crisis, Russia’s growth story is feared to contract in 2009 given their heavy dependence on oil price and a widening budget deficit. With the government’s budget revenues heavily relying on oil and gas industry for budget allocation, Russia’s economic growth has been sensitive to fluctuations in energy prices. In such an environment, the following research service offers an incisive analysis on how a politically strong national leadership is all set in supporting an ailing economy even as energy investors gauge the existence of state dominance over the oil and natural gas markets.
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