Translated from the Russian by Professor Arun Mohanty, Centre for Russian And Central Asian Studies, School of International Studies, Jawaharlal Nehru University, New Delhi.
Russia is striving to use its vast energy resources as a foundation for diversified economic and industrial development. To that end the country should give priority to the domestic utilisation ofitsfossile-fuel reserves and to the acquisition of oil and gas fields abroad. Modern economic realities show that states dependent on oil export do not do well in the long run since they often fail to build an autonomous manufacturing sector and rely on an ‘easy’ influx of foreign cash.
