Economically, sure they have a ways to go, but the Russian picture has changed a lot in the past few years. For example, Russia is the worlds number one exporter of wheat. Other agribusiness like dairy is also growing tremendously. Also, since they have at least nominal domestic production of pretty much all the "necessities", it makes sense to look at GDP in terms of purchasing power parity (PPP) which puts them sixth in the world. Your figures on inflation are also woefully outdated, as inflation is currently hovering around 2.5%.
Where I am living at the moment (Krasnodar Krai), all I see is economic activity. Import cars are replacing domestics more and more. Construction activity is off the charts, with homes and apartment buildings going up everywhere you look. Small business is literally everywhere. Sure, Russia isn't an export powerhouse (yet!), but internally, things are looking damn good. One thing is for sure: economically this country isn't dying, it is just getting started.