Abstract: After the interruption of sustained economic growth since the beginning of the new millennium since 2008, the Russian economy has been in a long-term downturn. Under the influence of various internal and external factors, the Russian economy urgently needs to find a breakthrough. Historically, the inertia of the "Soviet-style" model 30 years after the transition has not gone far, and structural reforms have not been completed, it still relies heavily on it Energy industry. In this regard, Russia hopes to use the Basic Development Plan of the Russian Government 2024 as a breakthrough point to lead the next structural reforms, while promoting economic growth from the political level through "constitutional reforms". It is an important historical task for Russia to strike a balance among the various influencing factors and find the road to stabilize economic development in the future.

Key words: Russia Economic Predicament, Development History, Economic Transition, the "Belt and Road", Silk Road Economy, Sino-Russian Economic and Trade Relations