A Quote by Kenneth Rogoff
Russia depends on natural resources way too much. Russian economy is not diversified enough
Related Quotes
Russia does not have a modern economy: it's a petro-power. The only thing it sells that the world wants to buy is oil and natural gas. When was the last time anyone bought a Russian computer? A Russian car? A Russian cell phone? Russia is so dependent on high energy prices that if oil falls below $100 a barrel, the Kremlin can't meet payroll.
It sometimes seems to me that some of our Western partners do not want Russia to fully recover. They would like Russia to be in a subdued state, and they want Russian resources to be used for the benefit of the U.S. economy.
Some think that Russia should become a kind of a U.S. province, where it should supply natural resources to the United States and the rest of the world. But these people ignore one very important thing: The Russian people will never agree to this scenario. Russia is ultimately a self-sufficient country.
Bolivia also depends not only on tin and other minerals, but also depends on the gas and oil. A rational extraction should be made, taking care of the environment. We should give added value to this natural resource, and generate revenue to fight poverty with more resources, that come from natural resources.
The great drama of Russian history has been between its state and society. Put simply, Russia has always had too much state and not enough society.
I love Russian culture. I don't know the young Russia, I'm not at all familiar with young Russia, but the old school Russia is good enough for me for the moment.
I am proud of Russia and I am sure that the vast majority of Russian citizens have great love and respect for their Motherland. We have much to be proud of: Russian culture and Russian history. We have every reason to believe in the future of our country. But we have no obsession that Russia must be a super power in the international arena. The only thing we do is protecting our vital interests.
It is unclear how much money Trump has, but it is not enough to matter in Russia. If he keeps up his pose as the tough billionaire, he will be flattered by the Russian media, scorned by those who matter in Russia, and then easily crushed by men far richer and smarter than he.
America is stronger than Russia. Our economy is 16 times larger than the Russian economy.
Russia's increased Arctic presence. The Arctic has vast natural resources and security value, and Russia is drastically increasing its footprint in the region.
So I started to learn Russian and I was one of those probably way too eager, annoying young actor kids who was trying to change all my lines to Russian, much to the dismay of the director and Nic Cage.
The thing about Russia? Everyone is Russian. They're just Russian. They're Russian.
Russian people really don't like it when somebody does horrible things in Russia, and then can calmly go travel to another country and spend time there. And this is what needs to be done: the Russian people need to be told this, because in today's world, just doing something is not enough. You've got to tell about it, too. If you've done something and haven't told about it, it's as good as if you hadn't done it at all.
The Russian economy is about the size of the Italian economy; it's very small, and Russia's military force is larger than it was, because Putin's been investing in it, but it still doesn't compare to that of the United States, and his reach and aim still don't compare.
Visas represent one bureaucratic obstacle, so to say and, if removed, might increase the inflow of Russian money into the Czech economy. And not only Russian money, but Russian tourists, Russian entrepreneurs and so on.
Russia has the largest reserves of natural resources, including iron and natural gas. The market will develop in the long term, and the VW Group will benefit from it.
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