How people can say "international hockey (Europe) is very important" and then want to ban off the face of the earth one of only 3 countries outside of North America that is consistently producing NHL players... and the only one of the 3 in a very populous nation makes no sense. Sweden/Russia/Finland collectively account for 1/3 of non-North American players in the NHL and Russia has another 500-something in the KHL, some of which would at least be competitively challenging for NHL roster spots, they are a lock for the Quarterfinals and a threat for the Semifinals in any major international competition.
Without Russia, you lose one of the very few non-North American competitive hockey nations. At that point, I'd rather just see Summit style Series played between USA-Canada, Sweden-Finland, Czech Republic-Slovakia and Switzerland-Germany in place of another boring Bettman Cup of Hockey.