Economics
Russia Retools After Crash as Post-Oil Economy Takes Shape
- Economy adjusts to collapse in oil prices, free-floating ruble
- Agriculture, chemicals, food industry among new growth drivers
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Call it a stealth overhaul.
With none of the fanfare that greeted Saudi Arabia’s plan for the post-oil era, the Russian economy is quietly getting its biggest makeover under President Vladimir Putin. A trail left by crude’s collapse has turned up some unlikely survivors and even industries that found a way to prosper as the broader economy burned.