ECONOMIC DOMINATION OF RUSSIA ON THE WORLD OIL MARKET

The article examines the trends in Russia’s positioning on the world oil energy market in the 20thand early 21stcenturies, defines the role of oil in generating oil and gas revenues for the Federal budget of the Russian Federation, and shows the mechanism for filling the budget during tax maneuvers. The reasons for the occurrence of “oil dependence” of the Russianeconomy and the objective need to maintain such a situation during the period of overcoming consequences of the new coronavirus pandemic, that is, in conditions of a general decline in oil demand, are substantiated.In the 1980s, the symptoms of the so-called “Dutch disease” began to appear in the Soviet Union (by analogy with the gas sphere). Light oil money appeared and, despite the fact that in the early 1980s, revenues from oil and gas exports in the USSR budget did not exceed 10%, nevertheless, a decrease in oil prices in the second half of the 1980sled to a well-known economic and then political collapse.This was followed by a reduction in oil production and due to rising oil prices up to USD 140 perbarrel in the beginning of the XXI century, anever greater filling in the export niche of with oil. Finally, the country found itself in a “drug dependence” on the position of Russia and the economic situation on the world oil market.Today, in the context of overcoming the consequences of the new coronavirus pandemic, this should be taken for granted and optimally ensure the preservation of Russia’s competitive positions in the main regions of Russian oil consumption ––Europe and Asia-Pacific countries, mainly in China, India and South Korea,as part of a dominance policy Russia in these regions through increasing exports of oil and petroleum products.