Can Russia Become an Energy Superpower?

Abstract

Recently the idea of transforming Russia into an "energy superpower" has become quite popular. But is this a definition of economic nature? And if yes, can Russia reach this status and benefit from it from the economic point of view? The article argues that this idea is mostly of a political, non-economic character, and that possible actions associated with proclaiming Russia an "energy superpower" cannot bring economic benefits to the country. Besides, the present policy model in the energy sector chosen by the Russian authorities can lead to negative results.