Russia and Credit Suisse

energy consumption: Income inequality is a similarly profound obstacle to progress in Russia, with some reports suggesting that Russia wealth gap is the worst in the world, according to The Guardian. In particular, a report from Credit Suisse found that just 110 Russian citizens hold 35% of the nation household wealth. The country infrastructure, building and manufacturing stock all suffer from extreme energy inefficiency: a recent World Bank study found that efficiency improvements in Russia could cut its energy consumption by 45%, an amount equal to France total annual energy consumption. Related:China makes strides with environmental reform, but has long way to go on labor Then there are Russia environmental problems: in the Russian Federation, fossil fuels are king. Aside from hydroelectric and nuclear power, Russia non-fossil fuel energy resources are fledgling, almost to the point of nonexistence. Not only do oil, gas and coal produce 90% of the country energy, they are also responsible for more than half of the federal government budget. (news.financializer.com). As reported in the news.