Question

Which of the following best summarizes the Russian economy between 1998 and 2007? A. Its economy was in crisis until the price of oil began to rise. B. Its economy remained stagnant and did not recover. C. Its economy was transitioned to a centrally planned system. D. Its economy collapsed as the Soviet Union broke apart

Answer 1

The one that best summarizes the Russian economy between 1998 and 2007 was:  Its economy was in crisis until the price of oil began to rise.
The communistic regime in Russia has destroyed Russia's economy and killed millions of Russsian Citizen.
In 1998 and 2007, Russia's Government heavily invested in the energy sector and nationalize a lot of Companies in this particular sector of business (mostly oil) and managed to rake in a huge profit when the oil price rises.