What happened to the economy in the Russian Domain after the demise of the former Soviet Union (USSR)?

Question

Quizplus · Accepted Answer

After the demise of the USSR, Russia experienced a significant economic decline due to the collapse of the centrally planned economy, hyperinflation, and the loss of valuable Soviet-era trade partners. However, since 2002, there has been selective economic improvement due to the rise in world oil and natural gas prices, which have benefited Russia's vast energy sector. Other countries in the region have also seen some economic improvement, but not to the same extent as Russia.

What Happened to the Economy in the Russian Domain After