It’s closer to a nationalist oligarcy with the trappings a formal, liberal democracy. Ofc, at the end of the day the U$A is no more democratic in any deepy, normative or radical sense. But the state itself is ideologically more nationalist and has been pushing back against liberal social and economic views. You can see this in the conflicts recently between the executive and the central bank, as the latter has been one of the last convinced bastions of neoliberal economic orthodoxy.
This also has to do with the fact that Russia’s ruling bourgeois class’s interests are more national in nature, as a result of their economic development since 1991, aggressive geopolitics from NATO, and the fact that they were forced by the state into emphasizing national interests once the Putin era began.
Ofc it remains a capitalist shithole.