The IX Annual Summit of the Valdai Discussion Club started in St. Petersburg with a discussion of the four scenarios for Russia’s economic development, which are dependent on the availability of resources and the rate of reforms in Russia. The scenarios, dubbed after the four types of temperament as sanguine, melancholic, phlegmatic and choleric, dealt with the possible results of the steps taken by the federal government and the dependence of the state coffers on revenues from oil and gas exports.