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Russia and the European energy sector

Russia is one of the largest producers of energy in the world, with a significant portion of its economy relying on its energy sector. The country is rich in natural resources, including oil, natural gas, and coal, and is one of the world’s largest exporters of these resources.
Oil and natural gas make up the majority of Russia’s energy production and exports. The country is home to some of the largest oil and gas reserves in the world, and the state-owned company Gazprom is the world’s largest producer of natural gas. In addition, Russia is a major producer of coal and is the world’s second-largest exporter of coal.
Russia has also been investing in renewable energy sources, such as wind and solar power, but these sources still only make up a small portion of its energy mix. The country has set a goal of increasing its share of renewable energy to 4% by 2024.
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