Russia’s economy is much more than a “big gas station.” Under sanctions, that’s now its biggest problem.
By Janis Kluge | November 9, 2022
Power plant for Lukoil’s refinery in Volgograd, Russia. The Moscow-based company is one of the world’s largest publicly traded, vertically integrated oil and gas companies, with over 100,000 employees, and refines over 1.2 million barrels per day. Press release image, courtesy of Lukoil.
Russia’s economy is much more than a “big gas station.” Under sanctions, that’s now its biggest problem.
By Janis Kluge | November 9, 2022
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Keywords: Russia, economy, petrostate, sanctions
Topics: Special Topics
Janis Kluge
Janis Kluge is a senior associate at the German Institute for International and Security Affairs (SWP) in Berlin, Germany. He holds a PhD in ... Read More
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