Russia didn't even have a native industry to begin with. A a significant portion was foreign owned and out of the central government's reach and could - at any point - be pulled back and weakened Russian industrialism.

And I again turn to their military record: with the exception of having to fight basically third-world powers and the Turks (which were more a rotten corpse of a great thing than the Russians were) they had an abysmal record and I can't believe your claims Europe would be afraid of Russia when their navy sat at the bottom of the sea thanks to Japan (which had just left feudalism fifty years prior) and they were humiliated by France, Great Britain, AND the Ottomans over Crimea.

German Industrialism had also exploded over this period as well, which was their inspiration for expansion of the Germany Navy.