Russia is successfully weaning itself off oil revenues, President Vladimir Putin said today during an annual end-of-the-year news conference, as quoted by RT. “This means that, while we’re not completely there, we are nonetheless starting to get off the so-called oil and gas needle,” Putin said, adding, “If someone still wants to consider us as a gas station, then this has no real basis.” According to Investopedia , Russia’s oil and gas exports account for 60 percent of total exports, and revenues from the oil and gas represent about 30 percent of GDP. While the number is a lot lower than the portion of oil revenues in GDP of most of the world other large oil exporters, it still makes up quite a large portion of budget revenues. Be that as it may, Russia is preparing for a future with a lot less oil consumption, according to Deputy Finance […]