That's not actually Capitalism. It is a straight robber-baron oligarchy, held up by terror.
Why the fall in life-expectancy.
Capitalism is a system where, if you have a product everyone wants, you'll accumulate Capital.
No one buys Russian i-phones, therefore no Capital. Russia is forced to STEAL most of their tech, because their system does not encourage entrepreneurship(invention).

Putin and friends got control of Russia's resources, and killed anyone who objected.