Russia has a long way to go. The hinterlands will not benefit for ten years, at least. But it is very arrogant to think Russia will fail to become part of the West. The Russian people have a tremendous will be reintegrate with Europe.
Despite some very impressive accomplishments of the Soviets a few decades ago, the fact remains that the commanding heights of the economy remained under central control. It was not sustainable without competition and accountability.
The inevitable collapse has put Russia well behind its peers and it will take a few decades to catch up. There are still some very real obstacles to overcome.
Russia does not appear yet to be on the same growth track as China, which also dropped communism about the same time (actually a little later), despite keeping the official name.