I have requested assistance from KVS as well. Anyone else interested in this project, please pm me.
Last edited by miketheterrible on Sun Jun 20, 2021 3:04 am; edited 3 times in total
Oil & gas related revenue made up only 17% of the total consolidated budget revenue in 2016.
Contemplating these figures that disprove the claim of Russia’s supposed hydrocarbon dependency, US senator John McCain, aka McInsane, pops to mind. He infamously quipped that “Russia is a gas station masquerading as a country.”
Time to bury the hydrocarbon dependency meme – Oil & Gas now make up less than 10% of Russia’s GDP
The really devastating news for “our Western partners” (as Putin likes to refer to them) must be – which we are the first to report – the extraordinary decrease in the share of oil & gas revenue in Russia’s GDP. Chart #3 shows that as of 2015 according to World Bank data the total natural resources rent (the national income derived from natural resources) was 10.3%. It should be noted that the figure includes also income from other natural resources than the energy sector. We are not privy to the break-up of the figure on its components, but we think it is fair to expect that other than hydrocarbons would comprise a couple of percentage units, thus leaving oil & gas with only an 8% share of the GDP. (Disclaimer! We do not assume any liability for the pain this piece of news may cause to Russia haters who have been relying on fake news outlets for their information. In severe cases, those readers should seek immediate professional help).
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A Russian monthly salary of $1,600 gives at least the same standard of living as $6,000 in America
A more competitive market economy and socially just society gives Russians much more value for money
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George1 wrote:i have a question. How can we be sure that this thread will not end like the others? there will be discussions unless we delete all posts made by members.
I remind that a similar thread existed in the begining of the forum and we had to rename it and merge it with other economic related threads in "Russian Economy general discussion". The reason? Very simple. Discussion was getting often off-topic so the whole topic gone off-subject.
I am not against keeping this thread. Put you have all to consider that it is impossible after some weeks this thread to be as it started
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