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September 18, 2004

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Energy Empire: Oil, Gas and Russia’s Revival

Fiona Hill

On the back of windfall revenues from oil and gas exports, Russia has transformed itself from a defunct military superpower into a new energy superpower. Instead of the Red Army, the penetrating forces of Moscow’s power in Ukraine, the Caucasus, and Central Asia are now its exports of natural gas, electricity, cultural products and consumer goods.

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