Economics
Russia Should Diversify Away From Oil and Gas, EBRD Says
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Russia needs to diversify its economy away from oil and gas to spur economic growth, Suma Chakrabarti, president of the European Bank for Reconstruction & Development, said at a conference today.
Russia is the country most dependent on its fossil-fuel industry and would benefit from developing alternative sources of power including wind and solar, he said at the gathering hosted by Bloomberg New Energy Finance in New York.