by Natalya V. Morozova 

This chapter provides an overview of the relevant Russian laws pertaining to the use of natural resources, in particular the "Subsoil Law." The bulk of the currently effective laws governing the use of subsoil emerged around 1995 and has been evolving since then. Many key laws in this area, especially the Subsoil Law, have continuously undergone significant changes. The importance of these laws is difficult to overestimate. Russia is the largest natural gas producer and the second largest crude oil producer in the world. It is also one of the largest consumers of natural resources. The matters of natural resources research, replenishment, development and ownership therefore play a very important role in the Russian economy. Read more here.

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