Support The Moscow Times!

Russia’s Lumber, Wildlife, Water Resources Valued at $94Bln

Kirill Zykov / Moskva News Agency

Russia’s lumber, wildlife and water resources have a combined worth of 6 trillion rubles ($94.2 billion), the Natural Resources and Environment Ministry has estimated.

The Russian economy is heavily reliant on exports of its resources. Last week, the ministry said that the combined worth of its oil, gas and other natural resources as of 2017 — $845 billion — was equivalent to 60 percent of the country's gross domestic product that year.

Its 2017 evaluation places the cost of timber and forest resources at 5.52 trillion rubles; surface and underground waters at 486 billion rubles; and hunted wildlife at 640.6 million rubles, the RBC news website reported Thursday.

The ministry assessed the costs of 23 types of lumber outside natural reserves, as well as 21 species of wildlife based on the fines imposed on poachers.

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more