Energy strategy of the Russian federation

Abstract

The main purpose of this research is to analyze the qualitative change in vision on role of fuel and energy complex in the Russian Federation. Additionally, the quantitative aspirations were examined. Analyzed Energy Strategy-2020, Energy Strategy-2030, and Project Energy Strategy-2035 allowed us to draw an important conclusion: Russian professionals suggest not to consider fuel and energy complex, which plays a major role in the Russian economy, as a basis for development, but to view it as a support system for the development. The huge difference between the two is the suggested level of dependency of Russia on its fuel and energy complex. In addition, it was determined that Russian fuel and energy complex severely suffers from wear and tear of infrastructure and technological inferiority. Today, when energy industry has done so much to bring Russia back from her knees it is vital that the country goes out of the comfort zone it has created. Furthermore, it is unacceptable for businesses to continue exploration and production for private profits without more contribution to renewal of the fuel and energy complex and investing in technology. Those are the issues that will need to be addressed if the government wants to see a brand new Russia in future.