You are forgetting the natural gas on which central and eastern EU economies run on and the pipelines feeding them. But yeah they need to diversify from their dependency on Energy as their economy sucks.
I agree Russia needs to figure something out BUT Putin doesn't. His whole speech is nothing but a wax nose and hollow rhetoric. Russia is just like Putin wants it right now, money is going into the right pockets and citizens are indoctrinated. The embargoes are annoying to his inner circle (who can't flaunt as much with their cash in London then they used to) but mehhh a small price to pay for ruling a superpower.
You are forgetting the natural gas on which central and eastern EU economies run on and the pipelines feeding them. But yeah they need to diversify from their dependency on Energy as their economy sucks.
I agree Russia needs to figure something out BUT Putin doesn't. His whole speech is nothing but a wax nose and hollow rhetoric. Russia is just like Putin wants it right now, money is going into the right pockets and citizens are indoctrinated. The embargoes are annoying to his inner circle (who can't flaunt as much with their cash in London then they used to) but mehhh a small price to pay for ruling a superpower.
This is light on details, but Russia needs to find a way to diversify its economy. Oil will not be enough, especially with the US set to become the top exporter of oil in the world within the next few years.
My opinion is that Russia needs to figure out how to properly use its greatest natural resource: land. Inhospitable though it may be, they have more land than anybody in the world and it's largely unowned.