Russia’s mineral resource management policy and its implications for Vietnam

Abstract

The protracted Russia-Ukraine military conflict, along with sanctions from the US and the West, has profoundly impacted the Russian economy, particularly the energy and mineral resources sectors. Faced with challenges related to resource security, export markets,
and supply chains, Russia has adjusted its policies by increasing exploration and exploitation of strategic mineral resources, diversifying markets, and promoting cooperation with non-Western partners; all aimed at adapting to sanctions and stabilizing the economy. This article focuses on analyzing policy adjustments and practices in the exploitation of strategic mineral resources in Russia, thereby clarifying the role of resources as an economic and political tool in the context of current geopolitical competition. Based on this, several implications are proposed for Vietnam to improve the efficiency of mineral resource management while ensuring national defense and security.