The 'rise' of China has suddenly become the all-absorbing topic for those professionally concerned with the future of the planet.
As long as the oil market remains buoyant, as it does for other commodities, then the Russian economy will prosper. The consumption boom is growing on the back of the wealth being produced by commodity growth.
I'm not sure they've got the drive or technical skill to make the best use of the oil money. It's always a difficult initiative in easy times to prepare for difficult times ahead.