Russia has exhausted its Soviet-era energy reserves and the country's electric power industry is in need of funding, Russian Energy Minister Sergey Tsivilev said.
Speaking at an economic forum in Russia's Vladivostok, Tsivilev said that the electric power reserves that were created during the Soviet era "have been depleted."
"The main reason [for the depletion of Soviet-era reserves] is a lack of funding for the modernization and maintenance of equipment," he told Russia's state-run news agency Tass in his first interview as Russian energy minister, published on Monday
that sort of honesty in russi is extremely dangerous !!
