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Russian’s Energy Achilles Heel
Summary by American Enterprise Institute
1 Articles
1 Articles
Russian’s Energy Achilles Heel
In 2014, Senator John McCain famously said that Russia was “a gas station masquerading as a country”. By this, he meant that its economy was overly dependent on oil and natural gas revenues. Fast forward to today, and nothing much seems to have changed. The Russian budget and its export earnings still remain highly dependent on energy receipts. Now that international energy prices are on the back foot and expected to remain so in the year ahead,…
·Washington, United States
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Total News Sources1
Leaning Left0Leaning Right1Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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