The Russian Federation's Challenge: Rational Use of Its Water and Other Natural
The article claims the Russian Federation (RF) is currently facing a challenge with respect to the rational use of its water and other natural resources. In the critique's view, the RF business sector's rational allocation and use of water resources is of vast economic importance. The paper explains that the water factor — primarily that in Russia's rivers and reservoirs — has a direct effect on production costs. At this stage, the document provides an economic model of the overall water system, focusing on the importance of its design and coordination by the concerned RF departments and ministries. On a broader level, the study notes the urgent need for economic valuation (assigning monetary value to environmental factors) of water and other natural resources, with the ultimate objective of preserving and improving the global environment.