Russian revival unravelled?
Russia has started to emerge gingerly from recession but don’t bank on it lasting
Russia’s economy has withstood a combination of low energy prices and sanctions and may soon emerge from the deepest contraction of President Vladimir Putin’s 16-year reign. Without a sudden oil-price surge, though, few signs point to much of a sustainable rebound. While the IMF predicts Russia’s GDP will return to growth in 2017, expanding by 1%, Putin himself has warned that the economy will stagnate near zero if no new sources of economic activity are found. Russia earns about half of its revenue from crude and natural gas and benefitted from the recovery in oil markets in the first half of the year. And while Brent soldiered toward $50 in mid-August, lows at the beginning of the third qu
Also in this section
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
