Make sense for him, but not really for anyone else. Certainly he's creating a Russia that is not in American or European interests.. not to mention an unpleasant place for Russians and a dangerous place for foreign investors.
I'm going to have to agree, Putin is basically trying to make a new dictatorship. And holy green spaces that guy scares me, his eyes....AHH! Just looks like a Soviet.
Anyway, there is good in that, as you said, he's making Russia in a way he thinks Russia should go, not the way America or Europe thinks they should go. However, it's just on the road back to Communism. They really need to get rid of the corruption, because it's tearing them to pieces.