Trends in Russia’s Oil and Gas Sector Development

Russian Economic Developments. Moscow, 2014, #10, pp. 41-43

3 Pages Posted: 23 Oct 2014

See all articles by Yuri Bobylev

Yuri Bobylev

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration

Date Written: October 23, 2014

Abstract

In 2014, Russia continues to display upward trends in the oil extraction sector and petroleum product exports. In recent months, world prices of oil have been on the decline. Over the period of August-September 2014, the USA, the European Union and some other countries introduced economic sanctions against Russia’s oil and gas sector, which may potentially result in serious constraints on its future development. However, the actual negative effect of these sanctions will strongly depend on the length of the period of their realization. Should that period turn out to be short, the resulting negative effect will be rather limited; otherwise, oil output in this country may drop, thus bringing down government revenue.

Keywords: Russian economy, oil and gas sector

JEL Classification: P24, E52

Suggested Citation

Bobylev, Yuri, Trends in Russia’s Oil and Gas Sector Development (October 23, 2014). Russian Economic Developments. Moscow, 2014, #10, pp. 41-43, Available at SSRN: https://ssrn.com/abstract=2513738 or http://dx.doi.org/10.2139/ssrn.2513738

Yuri Bobylev (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration ( email )

Vernadsky Avenue 82
119571
Russia

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