Discussion on 'crisis of Russian democracy' which has remained controversial from the establishment of Putin government in 2000 until nowadays has converged into the agreement that Russian democracy has not made a progress but rather went backward or remained stagnant at best. Having stated Putin's victory to be certain, this paper has analysed and made prospect on Russian's democracy under Putin's 3rd term from democratic consolidation perspective. As a result there has been a significant change in political perception and value attitude of Russian public and elite groups. From the public level, a rising discontent with the current governing powers and perceptional change in non-competitive political system were most outstanding. From the elite level, an internal division of governing elite groups was marked as a significant change following differing views with regard to political reformation after the dispute over national development line which was provoked by 2008 global economic crisis. Also, attitudinal change of elite groups was confirmed by the reports made by Russian think tanks in great importance. By analysing Putin's 3rd term power structure, a clue for the prospect of Russian democracy in attitudinal and behavioral level could be found. Institutional effect, in terms of an alleviation of power concentration phenomenon and actor's attitudinal change in democracy, was expected with the rising possibility for diarchy to last. Rather, it is expected that directivity of 'improvement' and 'deepening' in Russian democracy shown from Medvedev's transitional government will persist in next government. For the time being the question at issue in Russian democratic consolidation will be 'degree' and 'depth' in terms of 'improvement' and 'deepening'.