No point in concealing the fact that oil and gas exports and petroleum price play important role in the Russian economy However there is no point in highlighting this fact too much since it borders with spreading the myth that Russian economy is only oil and gas and nothing or almost nothing else Few facts Significant growth of oil prices started only in  but the Russian economy started growth and rather large growth well in   Russian economy is not only export The recovery of oil and gas and other minerals was only  of GDP in   and only  was oil and gas  with figures not much larger in the previous years The share of oil and gas in GDP gradually falls Unprocessed oil and gas takes only  of Russian exports More of the rest are oilbased products and fuels but this is considered manufacturing  So the phrase in one of the last edits about the oil and gas which is the majority of Russian exports is oversimplified and certainly not correct if we speak about raw materials vs manufacturing Federal budget grew much faster in the last decade than oil prices  And it is not clear whether a fivefold increase in price of oil and gas is correct description  it was fourfold increase in  but seven times increase in  In  only  of federal budget revenues came from exports oil and gas customs tariffs and  from taxes on petroleum and mining companies  However when we speak about the consolidated budget federal budget  regional budgets the similar figures for oil and gas would be just  and   All this means the following The economic growth in the early s was not very much dependent on oil and gas prices So it is incorrect to ascribe early economic growth under Putin to petroleum prices   Overall the dependence whatever its scale of the Russian economy on oil and gas is not Putins invention and the share of this sector in the Russian GDP actually is falling However oil and gas money constituted a very large share of the federal but not so consolidated budget in the Putin era This means that it is more correct to speak that it is not the Russian economy on the whole but the federal budget which is dependent on oil and gas And a qualitative addition to the figures Russia is a northern cold country and Russia is industrial country which means that it needs lots of fuel for itself but it is also a very resourcerich country so no wonder that it produces much energy have lots of facilities for that and takes the opportunity to export abroad a lot every country in similar conditions does that the US  Canada Norway This is not good or bad feature of the economy just the fact    We need to revert your additions on oil and gas simply because they are not entirely correct factually and because all the key information in more generalized and accurate form is already in the lead But if you have proposals to make some important additions in accurate wording lets discuss them