Changes

Much needed investment in national infrastructure, including railways and waterways, which are much more important in transportation in Russia than in the US and Europe has been insignificant, leading to bottlenecks that hamper growth and development. Telecoms and electricity production and distribution also remain run-down and outdated from the post-Soviet collapse. As a result of this, Russia remains dependent on energy exports for income, with the domestic economy effectively held back by capacity restraints or neglected facilities, a fact which has left Russia vulnerable to a collapse in fuel prices, such as that experienced at the beginning the global financial crisis, when crude oil prices dropped from over $100 per barrel to less than $60. Currently, Russian development of railways and highways in terms of new/renewed miles of route lies at around 1/10 that of China, despite having a much larger landmass.

Much needed investment in national infrastructure, including railways and waterways, which are much more important in transportation in Russia than in the US and Europe has been insignificant, leading to bottlenecks that hamper growth and development. Telecoms and electricity production and distribution also remain run-down and outdated from the post-Soviet collapse. As a result of this, Russia remains dependent on energy exports for income, with the domestic economy effectively held back by capacity restraints or neglected facilities, a fact which has left Russia vulnerable to a collapse in fuel prices, such as that experienced at the beginning the global financial crisis, when crude oil prices dropped from over $100 per barrel to less than $60. Currently, Russian development of railways and highways in terms of new/renewed miles of route lies at around 1/10 that of China, despite having a much larger landmass.

===Foreign Relations===

==Foreign Relations==

In the years after the dissolution of the Soviet Union, Russia took important steps to become a full partner in the world's principal political groupings. On December 27, 1991, Russia assumed the permanent UN Security Council seat formerly held by the Soviet Union. Russia also is a member of the Organization for Security and Cooperation in Europe (OSCE) and the Euro-Atlantic Partnership Council (EAPC). Russia and the European Union (EU) signed a Partnership and Cooperation Agreement. It signed the North Atlantic Treaty Organization (NATO) Partnership for Peace initiative in 1994. The NATO-Russia Founding Act in 1997 and the NATO-Russia Council superseded that in 2002. Russia acquiesced (despite misgivings) in enlargement of NATO by members first of the former Warsaw Pact and most recently by the Baltic states that had been forcibly integrated into the Soviet Union.  

In the years after the dissolution of the Soviet Union, Russia took important steps to become a full partner in the world's principal political groupings. On December 27, 1991, Russia assumed the permanent UN Security Council seat formerly held by the Soviet Union. Russia also is a member of the Organization for Security and Cooperation in Europe (OSCE) and the Euro-Atlantic Partnership Council (EAPC). Russia and the European Union (EU) signed a Partnership and Cooperation Agreement. It signed the North Atlantic Treaty Organization (NATO) Partnership for Peace initiative in 1994. The NATO-Russia Founding Act in 1997 and the NATO-Russia Council superseded that in 2002. Russia acquiesced (despite misgivings) in enlargement of NATO by members first of the former Warsaw Pact and most recently by the Baltic states that had been forcibly integrated into the Soviet Union.