Erik Berglof. Diversifying Russia

Russia faces a very specific and difficult challenge -- the task of diversifying its economy, ending its heavy reliance on exports of oil, gas and other minerals. The new publication of the European Bank for Reconstruction and Development looks in detail at policies that can help to achieve economic diversification. The report argues that sustainable long-term growth in Russia requires economic diversification to reduce the country’s dependence on natural resources. To achieve this, Russia needs to broa