This chapter analyses and estimates the main macroeconomic indicators affected by the Covid-19 recession in Russia. The study applies the ARIMA model to estimate GDP growth, trade balance, exchange rate, inflation, and unemployment rate, on Brent prices in Covid-19 aftermath. The indicators were chosen based on the highest impact of oil prices on them, on which the Russian economy is highly dependent. According to the results of the ARIMA model, the oil pri-ces will continue to impact GDP growth, trade balance and exchange rate, with an indication of recovery in the next 10 months. The biggest challenge for the Russian economy in the Covid-19 aftermath will concern ruble volatility and international constraints (sanctions and international political pressures), which significantly affect the macro and business environment.