N.T. Bravery is not a trait, it's an everyday choice. I choose not to be afraid every day, because I have just one life and no policeman, no dictator, no bigot would take my life in the way I please away from me.

Text in Russian:

circle (big font): страх ест душа страх ест душа страх ест душа
circle (small font) (quote from Tolokonnikova's closing statement, August 2012): страстность, откровенность, наивность выше лицемерия, лукавства и напускной благопристойности, маскирующей преступления.
upper text on the balaclava: PUSSYRIOT
lower text on the balaclava: ПИЗДЕЦПИЗДЕЦ

English translation:
circle (big font): fear eats the soul fear eats the soul fear eats the soul
circle (small font) (quoted by Gessen, Masha. Words Will Break Cement): Passion, openness, and naiveté exist on a higher ground than do hypocrisy, lying, and false piety used to mask crimes.
upper text on the balaclava: PUSSYRIOT
lower text on the balaclava: FUCKFUCK