Risking it in Russia

When attempting to assess energy risk in Russia today, traditional methods of risk analysis are no longer sufficient; they mustbe accompanied by detailed political risk analysis, writes Robert Amsterdam

There is no denying that Russia is one of the world's most important countries for global energy markets. It boasts the world's largest natural gas reserves (27%), the second largest coal deposits (173 billion short tons), and the eighth largest proven oil reserves (60 billion barrels), according to the Oil & Gas Journal. The country is well positioned to supply the European Union and the energy-hungry industrial sectors of China and India. It is no wonder, then, that Russia's energy industry