New challenges and dwindling returns for Russia’s national champions, Gazprom and Rosneft
By
Anders Åslund & Steven Fisher
As Russia’s economic future is clouded by negative demographic trends, new energy technologies and efficiencies, volatile commodity prices, and the likelihood of continued Western sanctions, Gazprom and Rosneft, Russia’s two natural resource champions face a comeuppance: international competition, global and regional market access, capital investment, and revenue/cost efficiency.