Resources have indeed moved considerably higher* and are a huge help to support the economic policies of the government on which a large proportion of the economy rests.
Skilled actions by smart folk in important positions have been key to quell the flames of a financial crisis by usually choosing usually quickly the lesser evil. Still the Russian economy suffered heavy blows over the last years and is clearly relatively weaker then four years ago. The overall long term economic trends are also overall negative and relative positive development to a very negative one on a year-to-year comparison is still overall - well - a relative negative one...
Firn
Maybe I will do a short update with some proper facts in the coming weeks.
*I guess that in a couple of years the price of oil will be lower again. However I don't short out of principle...
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