Its true that Russia, along with the Czechs and Slovaks, have suffered years of decline, owing to a number of factors that I won't discuss here. Since 1993, Russian, Czech and Slovak hockey players have been nothing more than itinerant workers, like the illegal aliens that pick fruit and clean toilets in the United States. They have gotten paid a lot, but their migration to the West destroyed hockey in their countries. The NHL cherry-picked the best assets of these countries and left them with nothing to sustain their domestic programs with.
I look for the Czechs and Slovaks to continue their steep decline, but in Russia, with a relatively new KHL and MHL, the basis to retain and develop talent at home has been established. If it succeeds, Russia certainly has the potential to challenge for world supremacy down the road. If the NHL has provided the stimulus for Canadian kids to aspire to the NHL, to be the latest Gretzky or Crosby, the KHL will have the capability to similarly offer a road map to fame and fortune for Russian kids. They don't have that far to go. Yes, Canada won the last 2 Olympic Games, but in the two meetings between Canada and Russia in the Olympics since 1998, the teams are split in wins-losses, 1-1, and Canada leads in total goals for and against, 7-5. Its not a tall mountain to climb!