Im afraid it will open doors to a lot of corruption and I think Im not the only one with this concerns.
And there will be huge language barrier. English is not widely used in Russia and airline will prefer pilots to be able to talk Russian, well, in case of emergency? Another thing is communication between crew. What if you disagree with capt. and you dont understand each other?
Im sure Russian language will be a must, unless you are TR capt. with tons of hours.
As for low-hour pilots? Well, if you speak Russian, then Im sure you will stand a chance. But be prepared for the conversion to Russian Licenses. Would not surprise me if half of people changed their mind and dropped off half way through the conversion.