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A lot of it comes from the work of Stephen F. Cohen, who tragically died a few years ago. In short, all that "conciliatory sentiment" in the 90's was ultimately superficial; the actual policy decisions, from Bush Sr. to Clinton and beyond, tell a completely different story.

There was a time decades ago, before Putin became president, when the Russians were ready to consider themselves allies of the United States; all that would have been required is for our leaders to start treating them like potential friends, and not temporally-defeated enemies. Unfortunately...

Almost everyone in Russian politics absolutely despises the west; and even those who don't do not trust us in the slightest. If there is a regime change, I'd expect their actions, whatever they end up being economically-speaking, to be more antagonistic towards the west, not less.