Russia has had very nice movie production industry for a long time.
I notice the problem in Russian film industry: they are way too artistic. Tough and even somewhat challenging to follow for a person who has his whole life been watching rapid tempo simple "kill, fuck, do drugs, fuck, kill" -style movies.
The culture was too different for Russian production to break in western market - save the cultural elite.
Nowadays it's of course different as Russian companies can hire people from west to make productions targeting the global audience.
After all, USA owes much to the Hollywood for spreading the Americanism. Americans were genius in that they made their culture easy to swallow for lazy masses... the people who sit in front of their tellies with brains shut off.
I'm not saying America wouldn't have high end culture but it was them who mastered the art of making simple shit for the uneducated masses.
You can take your average Hollywood production to illiterate hut-living fukin' hutu in Swaziland and he would dig it.
But show him a Tchaikovsky ballet... no.