Russia:

Russia is a global energy superpower. In 2021, Russia has provided 14 per cent of the world's oil and 8 per cent of the liquid natural gas supply. Before the attack on Ukraine, the European Union was Russia's most essential energy market, making up around half of the European gas imports (IEA). In the wake of the war in Ukraine, the European Union has made efforts to reduce its dependency on Russia, which led the country to open up to new markets. It thus strengthened its trade relations with the People's Republic of China in particular (Reuters 2024). Besides the export of fossil fuels, Russia's agriculture sector accounts for a significant proportion of its economy. Since the turn of the century, Russia has invested in this sector's development and achieved continuous growth (Khitakhunov 2020). With the country's involvement in the current conflict in Ukraine, it remains unclear how its economy will develop. Currently, it has achieved some stabilisation after finding new partners to compensate for Western sanctions. Besides this major conflict, Russia faces the challenge of reorienting its economy in the face of reducing fossil fuels.