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Originally Posted by mirevolver
Doubtful.
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Au contraire.
Although Russia had some real tough times in the '90s, they are currently one of the fastest-growing G-8 economies and has been so for the past few years.
As an oil-rich nation, it has been banking on high oil prices and has been reinvesting the money into other industries--the aviation industry is just one example. One of the factors that hindered (or hobbled) Russia in the '90s was a post-collapse readjustment of the economy and weak oil prices.
One of the challenges Russia faces despite this growth is that they are having trouble keeping inflation in check. But if they do solve this, they are one to watch along with the likes of China and India...they have a lot of room for growth. And, for the record, foreign investment in Russia is actually growing, and at quite a rate.
I understand the value of your anecdotal evidence, and I personally found it interesting, but I'm not convinced it is representative of a trillion-dollar economy. Sure the Russian government is corrupt, but so is China's. That hasn't stopped them from growing.