Disinfo: The US has a plan to limit Russia’s economy to the export of raw materials

Summary

The US has a plan to limit Russia’s economy to the export of raw materials.

Disproof

Conspiracy theory. No evidence is provided to support the article’s claim, which is used in the context of arguing for a closer relationship between Russia and China.

The article amplifies claims made here.

Recurring pro-Kremlin disinformation narrative about Western belligerence towards Russia and Western plans to destabilise Russia and/or undermine its economy.

Russia’s economy remains heavily reliant on exports of oil and gas, which account for 57% of total exports and about 45% of federal government revenues.

A paper published back in 2004 showed how the “Dutch Disease” ( the impact of increased revenues from natural resources – in Russia's case oil and gas – on the real foreign exchange rate resulting in a decline in manufactured goods exports) affected the Russian economy since the start of the transition in the early 1990s.

In the last decade, the situation has not improved as clearly shown by recent data. The Russian economy remains dominated by oil, gas and mining. The lack of diversification of the Russian economy is not the result of a US or Western conspiracy but is due to the Russian élite’s failure to undertake necessary economic reforms.

Serious economic reform in Russia is hindered by an autocracy that is able to enjoy the benefits of monopoly and does not allow for more control over special-interest groups, including rich and powerful Russian oligarchs. Increased dependency on energy exports has worsened governance in many post-Communist states, according to some scholarly studies published by the World Bank.

Read a similar case claiming that the US, in order to prevent close Europe-Russia economic cooperation, has created and spread a false image about an “aggressive” Russia that constitutes a security “threat”.

publication/media

  • Reported in: Issue 206
  • DATE OF PUBLICATION: 10/06/2020
  • Language/target audience: Italian
  • Country: Russia, US
  • Keywords: Conspiracy theory, Oligarchs, gas, economy, Destabilising Russia, Conspiracy

Disclaimer

Cases in the EUvsDisinfo database focus on messages in the international information space that are identified as providing a partial, distorted, or false depiction of reality and spread key pro-Kremlin messages. This does not necessarily imply, however, that a given outlet is linked to the Kremlin or editorially pro-Kremlin, or that it has intentionally sought to disinform. EUvsDisinfo publications do not represent an official EU position, as the information and opinions expressed are based on media reporting and analysis of the East Stratcom Task Force.

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Disproof

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Disproof

Recurring pro-Kremlin disinformation narrative denying Moscow's interference in the 2016 US presidential election. The message appeared in an article covering the US 2020 elections.

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Disproof

Recurring pro-Kremlin disinformation narrative about the White Helmets and chemical attacks in Syria.

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