World Bank slams Russia`s dependence on oil

Published: 20 November, 2007, 00:39

An oil rig in Siberia (photo from rosneft.com)

Investment in Russia remains low relative to GDP, and plays only a “marginal role” in manufacturing and service sectors. That’s the gloomy conclusion of the World Bank, which lends money to developing nations, in a report published on Monday.

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