Related Articles
Forward article link
Share PDF with colleagues

Russian revival unravelled?

Russia has started to emerge gingerly from recession but don’t bank on it lasting

Russia’s economy has withstood a combination of low energy prices and sanctions and may soon emerge from the deepest contraction of President Vladimir Putin’s 16-year reign. Without a sudden oil-price surge, though, few signs point to much of a sustainable rebound. While the IMF predicts Russia’s GDP will return to growth in 2017, expanding by 1%, Putin himself has warned that the economy will stagnate near zero if no new sources of economic activity are found. Russia earns about half of its revenue from crude and natural gas and benefitted from the recovery in oil markets in the first half of the year. And while Brent soldiered toward $50 in mid-August, lows at the beginning of the third

Also in this section
Saudi Arabia: Into the unknown
15 December 2017
The crown prince’s domestic and regional policies are taking the kingdom along several new and uncharted paths
Happy days ahead for Tullow Oil
14 December 2017
The company's bottom line suffered when crude prices crashed in mid-2014, but a landmark maritime boundary resolution should lead to a welcome boost for company revenues
Egypt: Clearer thinking
13 December 2017
The country has committed itself to reducing the volume of associated gas that’s flared at oilfields