MOSCOW (Reuters) - Russia's attempts to wean itself off its chronic dependence on natural resources have failed to deliver tangible results, a study by the European Bank for Reconstruction and Development (EBRD) showed on Friday.
The 96-page "Diversifying Russia" report makes sober reading for the government of President Vladimir Putin. Russia, the world's largest oil and gas producer, has in recent years launched one initiative after another aimed at reducing its over-reliance on commodities by promoting alternative sectors.
