This is half of the picture - there's no "single Russia". The population is fundamentally split between supporters of progress, religious orthodoxists and quasi-criminal gangs on the top.
"Russia is entering a period of decline and political decay. The population is ageing, while the real income of its middle class is falling. Putin has failed to diversify the economy, and global demand for hydrocarbons is set to fall over the next decade."
Of course it's not black-and-white. Ukraine is technically at war with Russia but it still buys hydrocarbon and uranium - they just diversified their supplies to reduce Kremlin's leverage.
EU and UK made a number of strategic mistakes in the past by tolerating Russian money laundering and crime (in Spain, UK) or state-sponsored terrorism (in UK, Germany), which only encouraged Putin.
If you talk with people in Russia, they literally consider EU and UK to be "pussies" 🤷