Russia: Exxon-Mobil may be planning to boost Russia's economy, says David Gordon, but it could come at a whale of a cost.

19th Jun 2002 Economically, Russia is on the move. Ever since her leaders tied the country's economic future to oil development, recent high oil prices have spurred a recovery, providing revenues to service Russia's foreign debt. All the while, regional governors talk enthusiastically about ‘black gold' as a key to economic development. Governors in Siberia and the Russian Far East have proposed at least 6 different pipelines to transport oil from fields to potential markets in China and Japan.

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