Real GDP (PPP) is the golden standard for calculating economic growth by most financial, media and business organizations. When Bloomberg, WSJ and even RIA Novoski reports on economic growth, read the fine print and realize it’s PPP. It’s for a reason.
Nominal is basically adding all rouble transactions in the Russian economy together and converting to dollars.
PPP or burger index are quite an imaginary multiplicators but you are off point if you think adding it makes Russian economy any worse.
Add another $600 billion to their economy as far as BigMac is more affordable in Moscow than it is in DC.
And Norway shrinks dramatically because burger goes over $10 in Oslo.
Bottom line is oil makes about as much share in total Russian economy as it is in US economy.
And they have tons of domestic manufacturing, though most of it consumed at home and barely exported. There is no such a trade surplus between Russia and China as it is between US and China.
There are Russian-built motor vehicles, HDTVs, mobile devices, and home appliances including cheap plastic crap which is all Chinese-made in US and Europe.