Country Dependence on Commodity Resources and Exports

The purpose of this study is to assess the importance of carbon raw materials for the economy of the state, in particular - Russia. Governments can rely on oil and gas rents without realizing much more needs to be done. On the other hand, many countries are content with the commodity structure of budget revenues. The authors consider the role and importance of hydrocarbon raw materials for the economy of the country. Russia is currently trying to diversify and modernize its economy, overcoming not only natural obstacles, but also market manipulation and internal resistance. In this study, we will provide facts that should convince a reader interested in finding the truth about Russian impressive achievements over the past decade in the field of recovery, restructuring, diversification and modernization of the oil and gas sector. Knowing that Russia is not economically disabled, as it is constantly portrayed, will help avoid a clash with Russia and move to cooperation. Accurate data will help investors make profits, and politicians will help maintain peace.