Follow RT for the economy of Russia, which is a mixed economy and multi-layered industrial-agricultural economic complex, based on the socio-economic development of the state. Get details and information on the formation and development of the Russian economy. Russia’s geography is a very important element of the country’s economic activities, as reportedly Russia has more than 30 percent of the world’s natural resources. Visit RT.com for news and information about natural resources in Russia. Russia’s economy is based on the energy sector: oil, natural gas, etc. Russia is considered the world’s largest exporter of natural gas and the second largest exporter of petroleum. Find the latest news and reports on Russia’s exports and economic relations with other states, especially those who buy natural resources from Russia (a number of EU states, Turkey, Switzerland, Ukraine, and so on.) There have been a number of gas disputes fueled by Ukraine’s refusal to pay for Russian gas imports. Follow RT for news on the gas conflict between the two countries. Since 1997, Russia has held an annual international event in St. Petersburg called the St. Petersburg International Economic Forum (SPEF), which brings together world leaders, CEOs of the largest international companies, etc. Don’t miss the news and updates on the St. Petersburg International Economic Forum held in Russia.