10. Russia
Russia’s economy and geopolitical influence are heavily dependent on oil and gas exports, contributing to internal corruption and economic volatility. The 2022 invasion of Ukraine was partly financed by these energy revenues, highlighting the strategic role of oil in Russia’s foreign policy. In contrast, Norway has implemented prudent oil policies, such as the Government Pension Fund Global, which invests oil revenues to benefit future generations and mitigate economic dependence on fossil fuels (iea.org).
