Abstract:
After 2000, the Russian economy gradually achieved high rates of economic growth exceeding 7 %. A favorable economic performance enabled Russia to repay foreign debts, create high foreign exchange reserves and reduce country’s poverty. Nevertheless, this economic performance was not created through an economic efficiency, nor reflected the quality of the tax system or a low level of corruption, which would attract foreign investors, but was driven by the export of raw materials and by the favorable development
of the world prices of these commodities. The long-term persisting favorable conditions enabled the Russian economy to presents itself as a world-energy superpower. However, during 2008, when the global financial crisis accompanied by an enormous drop in raw materials prices shook the global economy, the Russian economy suffered a gradual slowdown and a consequent decline in the economic performance. The Russian economy, which experienced an enormous pace of economic growth in the previous period, began to collapse. Given these facts, the ambition post is to clarify the formulation of energy policy of Russia and then focus an attention on negative economic phenomenon so-called Dutch Disease. The basic method is a quantitative method, regression namely time series analysis.
