That is why Putin is still suspicious of the West. The old Soviet Union bought into the free markets of the West, liberalized their economy, and now has one of the worst wealth distribution in Europe, if not thee worst. And infrastructure development hasn't improved as much as one would have expected. That's because one vital component is something that makes sure that somebody's work isn't expropriated by gangsters. Russia is not a free-market system, it's an oligarchic gangster economy to a large extent.
I wouldn't say its run by gangsters, but there is corruption. And that is one of the reasons why they are having trouble adjusting to global trade.
But I do believe, had they gone slowly, and opened their economy more slowly, they would be better off today.