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Russian Roulette

Russia's Economy in Putin's Era

Cover image for


Author: Shmuel Vaknin
Published: 2002
Language: English
Wordcount: 28,878 / 101 pg
Flesch-Kincaid Reading Ease: 31.4
LoC Category: HB
Downloads: 3,395 7129
License: ©
Genres: Essays, Post-1930

(c) 2002, 2003 Copyright Lidija Rangelovska.

Show Excerpt

s producers" - probably to counter growing American presence, both economic and military, in Central Asia and the much disputed oil rich Caspian basin. The countries of Central Asia have done their best to construct alternative oil pipelines (through China, Turkey, or Iran) in order to reduce their dependence on Russian oil transportation infrastructure. These efforts largely failed (a new $4 billion pipeline from Kazakhstan to the Black Sea through Russian territory has just been inaugurated) and Russia is now on a charm offensive.

Its PR efforts are characteristically coupled with extortion. Gazprom owns the pipelines. Russia exports 7 trillion cubic feet of gas a year - six times the combined output of all other regional producers put together. Gazprom actually competes with its own clients, the pipelines' users, in export markets. It is owed money by all these countries and is not above leveraging it to political or economic gain.

Lukoil is heavily invested in exploration for new oil fields



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