Soviet oil production, the most strategic sector of the civilian economy, is declining which bodes ill for meeting the rigid requirements of the domestic economy, Eastern Europe, and the crucial hard currency export market.
By the 1980s the state gas sector that ran the operation was controlled by a classic Soviet functionary, Victor Chernomyrdin, and he held on tight to his post until 1992, a year after Boris Yeltsin became the first popularly elected leader of Russia.