Most numbers here are from Wikipedia or the CIA World Factbook, with a little Nationmaster thrown in.
GDP: 8th in the world 2009, 1.75 trillion
Population: 9th in the world, 142 million
Military expenditures: 5th in the world, $50 billion
The Russian Federation just finished a spectacular decade, averaging 7% annual growth since 1998. But at the end of that spectacular decade, their average income is $640 per head, their life expectancy is 66, and they only average 14 years of schooling. They really needed to make better use of the Golden Decade.
Russia is extremely dependent on exporting natural resources, especially natural gas and oil. The price of those are falling. So is their population--it's declined 5% since 1993 and although it is slowing it shows no sign of reversing. Alcoholism, drug addiction and AIDS are taking a heavy toll on Russia. Inflation is high, at 12%, and unemployment looks to increase from its current 6%. They've already blown through a good chunk of the petro-dollars they had put aside, and the current economic crisis is not going to be kind to Russia.
Seems pretty clear that Vladimir Putin is very much running the show, with President Medvedev along for the ride. This suits the Russians just fine--but it shouldn't. A decade of rising oil prices made Putin look a lot better than he really is.
Their levers of power are the energy they supply to much of the EU and