Abstract
The steep increase in world oil prices in 2004–2005 seems to have caught Russia unawares. The government was unprepared to exploit the unexpected additional resources to drastically alter the economic situation. The methods of sterilizing revenues from oil and gas exports, as the author sees it, have nothing in common with the vital tasks of upgrading investments and raising the living standard of the population.
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O. B. Braginskii, World Oil and Gas Complex (Nauka, Moscow, 2004) [in Russian].
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Original Russian Text © N.Ya. Petrakov, 2006, published in Vestnik Rossiiskoi Akademii Nauk, 2006, Vol. 76, No. 4, pp. 291–295.
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Petrakov, N.Y. Oil: Russia’s curse or blessing?. Her. Russ. Acad. Sci. 76, 113–116 (2006). https://doi.org/10.1134/S1019331606020018
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DOI: https://doi.org/10.1134/S1019331606020018