OECD Report on Russia’s Energy Sector Bad News for EU

Russia’s economic boom and the burgeoning power of its energy sector will become increasingly hard to sustain unless it takes dramatic steps, an OECD report forecasts. It could mean bad news for the energy-hungry EU.

Expanding state ownership is a “step back” for the Russian economy, the OECD said in a report Monday that raised concerns over the sustainability of Russia’s current boom at a time when the EU hopes to concur on a new Partnership and Cooperation Agreement with Russia by the end of the year.
Deutsche Welle