They tried that in the 90s. There are two problems. They don't want to be a colony for Western powers. Russia is a collection of a few different nations. You have to hold it by a strong hand, otherwise you have a civil war e.g. Chechnya.
So they want to do it now on partner relations with Europe. Russia will provide, natural resources, transportation link to Asia, you can relocate polluting factories to Siberia, you get access to our market and labor. Also, you we will provide security and balance China. You don't need those pesky Americans. In return Russia wants, capital, tech and modernisation of the country.
So Europeans, do you want EU from Lisbon to Vladivostok or war?
trains and artic route.