Energy: Why Russia plays so tough on energy and prices

Russia relies on revenue from its oil and gas (photo:dpa)
Russia relies on revenue from its oil and gas (photo:dpa)

Russia's economy depends on its oil and gas revenues for its survival. It plays tough over long-term contracts to provide energy and it is not the easiest partner for foreign investors when exploring potentially rich areas. This GIS briefing gives an overview of our special reports on these fascinating subjects.

REVENUES from vast oil and gas fields in western Siberia have supported Russia’s economy for 40 years.

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The country is now hugely dependent on world oil prices to fuel its entire spending programme and the Kremlin is playing hardball with its long-term contracts on gas prices to maintain the revenue flows.

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