Oil price was $11 in 1998 the Soviet Union recently collapsed so things were dire with Russia so dependant on energy production
also corruption was rampant in the aftermath of Soviet Union collapse (Putin taking full advantage)
Oil rose $140 by 2008 add expertise and investment from the West and Russia was swimming in money
did Putin use this massive windfall to develop and diversify the Russian economy???
no Putin is an absolute disaster for Russia
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- Russian economy growth over 3% To surpass Japan in 3 to 4 years.
Russian economy growth over 3% To surpass Japan in 3 to 4 years., page-17
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