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And it's not only the population, but its GDP is tiny. Back when Russia first invaded Ukraine, I wondered how big Russia would be if it were a US state. I compared the GDP per Capita of all US states to Russia's.
Mississippi's GDP per Capita was almost 4 times larger than Russia's. Mississippi! I finally went into the US territories to find one that Russia could top (American Samoa).
And, in case you're thinking "well, that's GDP per Capita, they'd dwarf all US states in GDP," they'd be the third largest state behind California and Texas and just ahead of New York. The US as a whole has a GDP over 10 times larger than Russia.
Russia's only strenght was its oil reserves, but Putin had to realize he can't blackmail with that forever.
Your comparison is biased because the economy of Russia is quite insular — you're basically saying that if they were to export all they produce and buy all they need from the US, they would reach the wealth of 1/4 Mississippi. But the Russians make a lot of stuff themselves, they just have trouble buying from abroad.
What you want is to compare GDP adjusted for purchasing power parity. Then Russia's economy becomes comparable with California's or Germany's.
However this must be taken with a grain of salt, because GDP-PPP is hard to measure in the first place (because purchasing power is hard to measure), and Russia is undergoing sanctions and running a war economy, and the Russian government is probably fudging the numbers anyway.
If I trade you a car for your truck, congratulations, we've just raised the GDP. Kind of a shit metric just sayin.