Energy Empire: Oil, Gas and Russia’s Revival

0,38

MB

38

stron

6435

ID

Foreign Policy Centre

2004

rok

CONTENTS

Introduction 1

Russia’s ‘Soft Power’ Revival 2

From the Heavy Hand of Moscow to the Hand of Commerce 6

The Rebound of the Russian Economy and Energy Sector . 10

Fading Aspirations and Shifting Priorities in Eurasia 13

A Change of Regime and Goals in Moscow . 15

Presidential Foreign Policy and Geopolitical Aspirations 18

Energy Empire – Projecting Russian Influence Abroad 23

The Indispensable Power – Russia in Global Energy Security. 27

A Future in Gas . 32

The Booms and Busts of Oil 33

Capturing the Oil Windfall for the State. 35

The Oil Price Impact 37

Growing Discrepancies in the Russian Economy . 39

Decline in Oil Prices and Long-Term Burdens 43

Russian Energy: Curse, Blessing, or Neither? 46

The State that Oil Built 51

Oil Production – Possibilities and Constraints. 54

Conclusion. 57