Russian Oil exports

[mumuy]

The Russian economy is centered on its oil and gas imports, wherein its core economy is heavily dependent on it. However, its oil and gas industry is heavily burdened by the fact that a number of its exporters in its services and technologies sector are dwindling every year. And the sad part is that most Russians do not want to be entrepreneurs, impacting its economy especially in currency the Ruble.

By far, Russia is a big country that could well sell more goods and services to countries like India, China, Germany and the US. The problem lies in the fact that despite the big number of firms in Russia, only a small percentage of it is exporting its product abroad, which is hampering growth in its economy.

For more details:
https://www.paxforex.com/forex-blog/russia-is-doomed-to-oil

http://jia.sipa.columbia.edu/russia-cursed-oil

http://www.fxstreet.com/analysis/currency-brief/2013/06/27/

 

[Rambo35]

Russia is the biggest exporter of oil, but I don't think the Russian government simply leans back and relies on it 100%. They seem to have a really good thing going there and are well positioned as a global leader in my opinion.

 

[safitri]

I'm 100% agree if RUSSIA is dedcated as the world Leader..
They are very democracy nations than USA...

 

[Neil Broom]

But they are communist and cannot follow democratic government policies and this is what the style of democratic nation and they follow the best strategies.

 

[Leprechaun]

But they are communist and cannot follow democratic government policies and this is what the style of democratic nation and they follow the best strategies.

Dude, it is not 1980s anymore. Currently Russians are less commists than Greeks or Frenchmen. Another thing is that most of the money are still under control of the small group of people.
Russians econonomy is very unstable, i don't see it as basic economy of the region.They're trying to create the free trading zone right now. It is mostly looks like they want to protect at least some part of their traditional market from the EU and China.
The Russian position in Syria is caused by the possibility for EU to build the Gas pipeline through Syria that can deliver the gas from the Central Asia to Europe wothout Russia being involved.