|Author (Person)||Connolly, Richard|
|Series Title||The Conversation|
|Content Type||Journal | Series | Blog|
Since undergoing a near decade-long depression in the 1990s, the prolonged bull market in oil prices driven by a rapid expansion of demand for oil in developing countries (most notably China) enabled Russia to post a decade of impressive economic results.
But a prolonged decline in oil prices threatens to reverse many of these gains. Even before prices started to fall, the economy was slowing as many in Russia sensed the need for a new model of economic development that was less dependent on oil.
|Countries / Regions||Russia|