I think one of their priorities would not necessary be what type or how modern the aircraft is, just that the 4 big companies have enough orders to keep them afloat until the economy improves. Mikoyan, Sukhoi, Yakovlev and Tupolev. And it should also make sense monetarily, without dozen of different developments for one company and zero for the other, so, MiG 29M (9.15) entering production as the cheapest fighter aircraft that could touch upon the performance of the Su-27? No further Su-27 production until a major improvement is achieved to warrant its introduction? Or focus more on the export market and ride any success from there until the 2000s? YAK 141 is probably a must to keep the company alive. Don't think Tupolev really needs the Tu-160 production going, they already cornered the civilian airliner market, perhaps rather in this case just maintain the other military Tupolev aircrafts until the economy improves. (Don't really see much point in a bomber when the Su-24, Su-25 and Tu-22 are doing the job well enough in large enough numbers, requiring just modernization packages)
Perhaps with more focus on modernization and at a smaller scale, they could force their microelectronics industry to produce higher performing equipment, maybe?