we need to employ new technology in manufacturing new technologies are almost exclusively employed in russia's oil and gas industry the energy sector is enormously important for the country's economy accounting for almost sixty percent of exports in other areas though it struggles to compete globally for a long time in the past the government focused mainly on promoting major industries some would say to the neglect of small and medium sized enterprises where the lion's share of innovation tends to take place government spending has risen to seventy percent of g.d.p. . gold rush made it possible to put a 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 appear willing to do business in russia many of them are bringing new technology along