Russia’s economic growth is under huge pressure between 2013 and 2014. The growth rate declines significantly because of continued weak manufacturing，increasing capital outflows，declining external demand and the dropping energy price. Tensions between Russia and Ukraine and the consequent economic sanctions have the neglectable impact on the cost of oil financing and gas productions as well as Russian international trade. We predict sanctions from US and Europe to Russia may not last for a long time. The key to resolve the current dilemma of Russia relies on economic restructure.