At the beginning of 2020，the Russian economy showed a steady and upward momentum，and achieved 1.6% growth in the first quarter. However，the oil price plunge in March and the subsequent epidemic disrupted the positive developing pace，and the economy fell into crisis. The GDP growth for 2020 is-3.1%. Affected by the epidemic，Russia’s employment rate and disposable income of residents has declined. The investment growth rate is negative，the foreign trade has shrunk sharply，the fiscal deficit has increased，and the proportion of public debt in GDP has risen as well. From the perspective of sectors，the tertiary industry has been affected most severely，the processing industry is relatively stable，the mining industry fall into negative growth due to external market conditions，but the agricultural sector has achieved growth. In general，the Russian economy does not exist a systemic financial debt crisis，but there is a lack of motivation to resume growth. In the background of the anti-epidemic and anti-crisis，the Russian government has implemented a loose fiscal and monetary policy for the first time，which provides effective support. At the same time，Russia has established an economic growth strategy centered on national projects through the reform of the budget implementation mechanism and institutional adjustments，which is worthy of attention.