Remember 2007? Russia was starting to look like a world power again. Its economy was growing at a record 8.5 percent annual rate. Political life had stabilized. Support for President Vladimir Putin was stratospheric. The decade-long Chechen rebellion seemed to have been suppressed. And, to top it off, the International Olympic Committee awarded the 2014 Winter Games to Russia's Black Sea resort, Sochi.

In many respects, it was a strange choice of venue: sunny Sochi has beautiful mountains but little or no snow. It is also 1,368 km south of Moscow, with few direct flights from Europe, while the trip from the United States can involve up to four legs.

But in 2007, Russians were becoming more optimistic about their future. Addressing the Olympic Committee, Putin argued that awarding Russia the games would not only allow it to showcase its post-Soviet achievements; it would also help the country through its political and economic transition.