Russian economy has been growing at an average nominal rate of 6 percent annually for the past decade. Among the most important factors contributing to its expansion has been the skyrocketing cost of oil and gas. In 2000, when Vladimir Putin took office, the cost of oil was approximately $20 a barrel; at the end of his term, it was five times higher. Meanwhile, the competitiveness of Russian enterprises has become increasingly fragile because of the...
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DETAILS
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2008/01/01
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Publication
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79450
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1
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1
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2013/07/12
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Disclosed
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Can Russia complete?
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Finance & Private Sector Development
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Citation
Desai,Raj M.; Goldberg,Itzhak.
Can Russia complete? (English). Washington DC : World Bank. http://documents.worldbank.org/curated/en/783171468303879575