The Economy of Russia: Implications for the Civil Services Exam 2026 Russia's economy is a complex tapestry shaped by its vast natural resources, historical legacies, and contemporary geopolitical dynamics. As candidates prepare for the Civil Services Exam 2026, understanding the intricacies of Russia's economic structure, its challenges, and its global impact is crucial. This article delves into key aspects of the Russian economy and how they relate to broader international contexts. Overview of the Russian Economy Russia is the world's largest country by land area and possesses an abundance of natural resources, notably oil, natural gas, and minerals. The economy is characterized by a mix of state control and market mechanisms, with the government playing a significant role in key sectors. #### Key Sectors 1. **Energy Sector**: - Russia is one of the leading producers of oil and natural gas, with state-owned companies like Gazprom and Rosneft dominating the market. ...
CSAT 2012: India and Pakistan agree to transit fee formula for Tapi gas pipeline project Shri S. Jaipal Reddy, Minister of Petroleum & Natural Gas held bilateral discussions with Pakistan’s Federal Minister for Petroleum & Natural Resources, Dr. Asim Hussain on various matters relating to bilateral cooperation in the hydrocarbon sector, here today. This was Dr. Hussain’s 2nd visit to India as Minister, the 1st one having been on 28th April, 2011 when the Petroleum Ministers of Turkmenistan, Pakistan, Afghanistan and India had met in New Delhi to attend the 13th Steering Committee Meeting for the TAPI Gas Pipeline Project. Among the issues discussed was the Transit Fee payable to Pakistan by India for the 38 mmscmd of gas envisaged to flow through the Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline Project. This was the 3rd meeting with Pakistan on the issue of Transit Fee but the 1st one at the political level. On the Transit Fee, both sides agreed that...