Development of Russia’s oil and gas exploration and production market under sanctions

Authors

  • Yuri Anatolyevich Savinov Russian Foreign Trade Academy
  • Aleksandr Vladislavovich Khvalnevich Russian Foreign Trade Academy

Keywords:

equipment and services, oil and gas imports, joint ventures, import substitution, competitive, governmental organizations

Abstract

In the article the authors consider the trends and development problems of Russia’s oil and gas exploration and production market, emphasizing the high market share that is owned by foreign companies, and highlight the rapid growth in deliveries from China in recent years. It is stated that Russia’s oil and gas market has capacity to expand the development and sales of domestic products. The authors pay special attention to the development and implementation of the import substitution policy in this market and underline the economic and organizational measures for improving the position of Russia’s companies in the domestic market.

Author Biographies

Yuri Anatolyevich Savinov, Russian Foreign Trade Academy

Doctor of Economic Sciences, Professor
Place of work, post: Russian Foreign Trade Academy, Department of foreign trade and international transactions - Professor

Aleksandr Vladislavovich Khvalnevich, Russian Foreign Trade Academy

Place of work, post: Russian Foreign Trade Academy, Department of International Trade and Foreign Trade of RF - Competitor

Published

2024-02-08

How to Cite

Savinov, Y. A., & Khvalnevich, A. V. (2024). Development of Russia’s oil and gas exploration and production market under sanctions. Russian Foreign Economic Journal, (8), 79–96. Retrieved from https://journal.vavt.ru/rfej/article/view/667

Issue

Section

Мировые товарные рынки

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