Russia has oil natural gas and coal. how has declining demand affected extraction of these resource

Russia is one of the leading producers of petroleum and natural gas. In the current times, Russia is facing a low time in the context of its business from these natural resources. This is caused by the fall in the prices of oil. Further, new oil fields have been traced in the Arctic, due to global warming. This has led to decreased demands from the Conventional Oil suppliers like Russia, and Iran