“Russia does not have a modern economy: it's a petro-power. The only thing it sells that the world wants to buy is oil and natural gas. When was the last time anyone bought a Russian computer? A Russian car? A Russian cell phone? Russia is so dependent on high energy prices that if oil falls below $100 a barrel, the Kremlin can't meet payroll.”

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Originally said in English.

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About Kathleen Troia McFarland

Kathleen Troia McFarland is quoted here; further biographical details are not publicly available.

More from Kathleen Troia McFarland (31 quotes) →
"Russia does not have a modern economy: it's a petro-power. The only t…" — Kathleen Troia McFarland | Daily Quotes