The study examines the sustainability of competitive advantages among Russian multinationals, particularly those in the commodity sectors. Using data from the Fortune 500 and Forbes Global 2000rankings, we analyze the dynamics of the representation of Russian MNEs and the structural factors contributing to their dominance. The paper explores several theoretical concepts, including the Market-Based View, Resource-Based View, Knowledge-Based View, and Dynamic Capabilities Perspective, to understand the drivers behind the sustained competitive edge of these firms. Emphasis is placed on the role of resource dependency, oligopolistic power, and state intervention, and the challenges posed by evolving global sustainability standards. The findings suggest that while Russian commodity companies benefit from stable internal resources, they face increasing pressure to adapt to sustainability and environmental regulations to maintain long-term competitiveness.