The relative stagnation in Russian oil production over the past few years has long been a concern for policymakers. However, it seems unlikely that the new, more favourable, tax regime for Russian oil companies will, as some have argued, lead to a marked increase in investment – and thus output – within Russia’s crucial energy sector. We think, further reforms to the business climate, as opposed to small changes to the tax regime, will be required to make Russia an attractive destination for foreign investors.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services