Abstract: The article is devoted to the problems of formation of criminal oligarchy model of raw materials economy. The economic losses of Russia due to the shock therapy of 1990s are comparable to the losses of the Civil War and the Hitler’s invasion.  These losses are formed by  devastation of enterprises  due to criminal privatization, outflow of capital, and loss of opportunity for reproduction of capital   stock due to termination of long-term credit. These losses keep growing under the influence of mechanism of non-equivalent economic exchange, which is supported by the policy of accumulation of currency reserve abroad with an insignificant interest rate, while acquiring much more expensive foreign credits.  These losses are also complemented by the loss of national control over the large-scale enterprises, which are taken to off-shore zones, making the independent development of Russian economy impossible  and threatening the sovereignty of the state. The XVII World Russian People's Council states that only by following the declared goals we may overcome the ethnic discord, social inequality, psychological and information dependency from foreign influence.