The Russian economy is slowly deteriorating due to the low price of oil internationally and imposed sanctions. The sale of oil makes up nearly 50% of Russia’s economic revenue. From 2012, the country started to run a deficit and the national reserve is predicted to run out in 2017. Since the business in the Crimea, the U.S. and the EU put sanctions on Russia to hurt it financially. While Russia has little debt internationally, it is hard for the nation to borrow money from others. It was predicted that the poverty rate would reach near 40% in 2016. Putin said he would start pulling out of Syria and start modernizing the nation’s army by 2020 with cutbacks in infrastructure and health care. Personally, I think if Russia wants to get out of debt, it should do the opposite from their current spending patterns. The U.S. is in a similar situation with it being in massive debt but military spending hasn't increased in the last few years.
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