Italy's GDP is $1.87T.
Russia's GDP is $1.48T, down from around $2.3T in 2013.
Russia's economy is dependent on fossil fuels. While the decrease in Europe's use of nuclear power has been a gift to Russia, the future for fossil fuels is not bright and Russia's kleptocratic government has starved the nation of economic innovation.
I don't know what "extremely significant country" means here, but Russia is objectively a country in decline both in terms of economic and cultural power.
In terms of real GDP (PPP), Russia is at $4.3T while Italy is at $2.6T. Russia has the 6th largest GDP by this metric. However, I'm not sure how to think about real GDP vs. nominal GDP when it comes to war.
Russia's economy is dependent on fossil fuels. While the decrease in Europe's use of nuclear power has been a gift to Russia, the future for fossil fuels is not bright and Russia's kleptocratic government has starved the nation of economic innovation.
I don't know what "extremely significant country" means here, but Russia is objectively a country in decline both in terms of economic and cultural power.