Here's How Dependent Russia's

Economy Is On Oil And Gas

ROB WILE

31 MINUTES AGO

Oil is the lifeblood of the Russian economy.

The EIA

has a chart out this morning

showing how dependent Russia's economy is on oil and

gas. The data come in the context of new sanctions imposed by the U.S., and threatened by
Europe, for Russian muscle-flexing in Ukraine.

Russian oil firms have brushed them off for now but their longer term impact is more
uncertain.

In total, oil and gas comprised 68% of all Russian exports, with crude oil and petroleum
products netting them

almost four times as much revenue as from natural gas.

In other words, it's pretty easy to know exactly what part of the Russian economy to pinch if you want
to get the country's attention.

EIA

For comparison, here's the U.S. export breakdown. Sixty percent of U.S. exports comprise 122
different items. Fuel or heating oil and petroleum products make up just 8%. Raw crude
exports are banned in the U.S.

Rob Wile, data from U.S. Census

* Copyright © 2014 Business Insider Inc. All rights reserved.