The core of this paper is aiming at the economic security of the Russian minority in Latvia. The Russian minorities are representing the potentially vulnerable part in Baltics security because of the collapse of the USSR that led to the disputes between the Russian minority and “local” Baltics citizens. Thus, the economic conditions mean the crucial point for allaying the disputes and improving the security, therefore, the Russian minority in Latvia won’t tend to be integrated back to Russia. With this mind, the inquiry of the economic conditions of the Russian minority should depict if the economic security of the Latvian Russians jeopardizes the national security of Latvia. The paper is anchored on the concept of national security and economic security. The research is comparing and evaluating progress. Thus, the utilization of the comparative and process-tracing methods should endorse to explicate how the Latvian- Russians are doing in comparison with Latvians and evaluate progress during the time. Despite that the conditions of the Russian minority are constantly improving, we should not underestimate them since they have not reached the level of Latvians yet.