to become more efficient business need to be modernized we need new technology in manufacturing. so i am assuming we look to. one area where new technology is already in use is in russia's oil and gas industry the energy sector is hugely important for the country's economy accounting for almost sixty percent of exports in other areas though russia struggles to compete on the global market as in the past several years the government's focused on promoting major industries some would say to the neglect of small to medium enterprises government spending has risen to seventy percent of g.d.p. . this big gold rush made it possible to put painful but necessary reforms on ice reforms are always associated with risks because they lead to a temporary drop in the standard of living in the. german investors