Abstract
A prominent specialist on the Russian economy discusses two preceding papers entitled "Resource Rents and the Russian Economy" by Clifford Gaddy and Barry Ickes and "Can Russia Break the ‘Resource Curse’?" by Rudiger Ahrend. Focusing on Russia's oil and gas sector, the author comments on the five components of resource rents, the ownership and efficiency of the oil and gas companies, the Yukos affair, the forms of state intervention in the affairs of the sector, symptoms of Dutch disease precipitated by resource abundance, and the shift from the Anglo-American to the OPEC model. Journal of Economic Literature, Classification Numbers: E60, O13, O17, Q43. 3 figures, 19 references.
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