Russia admits that about a third of its population is living in poverty. Many Russians, and foreign economists, believe the real rate is nearly 70 percent. Russian living standards have suffered continuous disasters since 2013 when the price of the major export (oil and has) fell by more than half and has not recovered. In 2014 Russia declared it was at war with NATO and Ukraine. That resulted in economic sanctions that have gotten worse since then. When the current Russian government took power in 2000 it became very popular by keeping a key campaign promise; to reduce the poverty rate. The poverty rate fell from 29 percent of the population in 2000 to just under 12 percent in 2012.