The real growth rate of Russia’s gross domestic product decreased in 2012 -2013, and Russia’s Ministry of Economic Development and main international organizations reduced the its growth expectation greatly for the period 2013 -2014． Moreover, although the inflation rate decreased from 7% to 6． 5% , it still exceeds the target range set by the central bank． Furthermore, Russian ruble-dollar exchange rate has entered a descending channel since the fourth quarter of 2012． However, Russia’s fiscal revenues and expenditures still remain balanced in general, and its structural reforms become effective slightly． After joining the WTO, Russia further enhanced the trade and economic cooperation with Europe and Japan． The cooperation with China in energy, high technology and other key areas also has broad prospects． Nevertheless, Russia’s relationship with USA was influenced severely due to the Snowden event． Its growth outlook is not optimistic, and the major economic risks in the future still concentrate on the weakening energy demand of major trading partners and declining international prices of oil．