Russia does not have a modern economy: it’s a petro-power. The only thing it sells that the world wants to buy is oil and natural gas. When was the last time anyone bought a Russian computer? A Russian car? A Russian cell phone? Russia is so dependent on high energy prices that if oil falls below $100 a barrel, the Kremlin can’t meet payroll. — Kathleen Troia McFarland

Tags: #Time, #Economy, #Energy, #KathleenTroiaMcFarland, #American, #Businesswoman

Mini who’s who:

Kathleen Troia McFarland : American Businesswoman
Born: July 24, 1951