Here's yahoo translation:
Russia, our holy country!
Russia, our beloved country!
A mighty will, a great glory,
Are your inheritance for all time!
Be glorious, our free Fatherland!
Eternal union of fraternal peoples,
Common wisdom given by our forebears,
Be glorious, our country! We are proud of you!
From the southern seas to the polar region
spread our forests and fields.
You are unique in the world, inimitable,
Native land protected by God!
Wide spaces for dreams and for living
Are opened for us by the coming years
Faithfulness to our country gives us strength
Thus it was, so it is and always will be!
Personaly, I don't like it in either language. Soviet sounded strong and powerful. This one sounds no better than all other ones if not worse (which isn't something I got used to). I think Putin would have to approve bunch of corrections to it over time.