Russia is a big oil exporter, and oil revenue accounts for a large proportion in the Russian economy. Relying on oil to get a lot of income every year, including foreign exchange income and taxes. After the oil crash, foreign exchange income and tax revenue were greatly reduced, the economy contracted, enterprises closed down, foreign exchange reserves decreased, enterprises were prohibited from financing in Europe and America, and the government took printing money to deal with the crisis and stimulate the economy, which led to the devaluation of the local currency ruble.

Falling oil and economic sanctions have greatly affected the Russian economy, and inflation is serious. With the shortage of some commodities, the quality of life of ordinary people has declined. The government's efforts to get rid of energy and minerals for many years have been in vain, and the disadvantages of its economy still relying heavily on primary products such as energy and minerals have been exposed, and the image of the government among the people has been damaged. Its comprehensive national strength will decline, and its right to speak in international politics will also decrease.