With Putin, Russia has fallen victim to the "resource curse".

Unfortunately, the US is also subject to the resource curse. (Look at those who think it is a good thing that US extraction of fossil fuels has risen.) "Autocratic government, systemic corruption and developmental stagnation affecting the general population, combined with extravagant wealth on the part of controlling elites" describes US politics today.

And it's even more so in Canada and Australia.

You could say that the world as a whole has fallen victim to the "resource curse".