Although they continue to decline, Russia is still a very massive country with over 180 Million people and the largest landmass on Earth. Issue is that their government doesn't have a clue on how to utilize their resources to grow the nation. Sadly, this is what Gorbachev cited when he broke up the Soviet Union. If Putin had a brain back when he took office, Russia would have stolen a lot of the low-cost industrial jobs with their heavy industry and knowledgeable populace. They could have been what China has been the last 3-4 years. Putin took them into the wrong direction and now they are turning into a failed state.