Russia
The breakup of the former USSR (Union of Soviet Socialist Republics) created Russia, an emerging market economy. In recent years, as a barrel of oil climbed from $70 to $150, Russia enjoyed a good economic ride. However, now that the barrel of oil has come down to $45 and lower, Russia's economy will take a hit. However, the whole of the Russian economy isn't gas based. Thanks to the former rivalry with the USA, USSR developed key technologies like space and defence. While the first humans to walk on the moon were both Americans, the USSR had beaten the United States by sending the first man (Yuri Gagarin) to space.
Even though Glasnost and Perestroika dissolved the Soviet Union into Russia, Ukrane, Belarus, etc., exposing the underlying poverty and corruption in the former Soviet block; the space and defence rivalary helps Russia in terms of political might and negotiation power, primarily with the United States. Russia though categorized as an emerging market economy, alongside other BRIC (Brazil, Russia, India, China) economies, remains a world super-power alongside the United States, thanks to its humongous stockpile of nuclear weapons.
Franconomic Data
Nominal (inflation adjusted GDP): $1290 billionPopulation: 141 million (9th largest in the world)
GDP per capita: $9148
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