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A Rough Road Ahead for Russia's Energy Giants

Oct 16, 2015 | 09:16 GMT
View of pipes and equipment near a trench of the Eastern Siberia-Pacific Ocean oil pipeline in Siberia, Russia.
View of pipes and equipment near a trench of the Eastern Siberia-Pacific Ocean oil pipeline in Siberia, Russia.
(STR/AFP/Getty Images)

Moscow's dependence on energy revenues -- which make up half of the government budget -- has made Rosneft and Gazprom the darlings of the Kremlin. This has given both firms great political status and utility, both within Russia and abroad. But the mounting difficulties for Rosneft and Gazprom are forcing them to change their behaviors in order to maintain their positions both politically and within the energy sector. ...

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