Russia, like other countries in Northern Eurasia, has natural resources that its economy relies on. What are they? Where are the valuable oil reserves located?
Some of the natural resources that Russia relies on include oil, natural gas, coal, timber, and precious metals such as gold and diamonds.
Valuable oil reserves are located in various regions of Russia, with the largest deposits being found in Western Siberia, the Urals region, and the Volga-Urals region. The Khanty-Mansiysk and Yamal-Nenets autonomous districts are particularly rich in oil reserves. The Sakhalin region in the Far East is also known for its offshore oil and gas deposits. Additionally, the Caspian Sea region in southern Russia also contains significant oil reserves.