Russian text:
circle (big font)(quoting the New Testament, 2 Corinthians): мы неизвестны, но нас узнают; нас почитают умершими, но мы живы; нас наказывают, но мы не умираем
circle (small font)(quoting the New Testament, 2 Corinthians): нас огорчают, а мы всегда радуемся; мы нищи, но многих обогащаем; мы ничего не имеем, но всем обладаем
upper text on the balaclava: PUSSYRIOT
lower text on the balaclava: ПЕПЕЛПУТИНА

English text:
circle (big font))(quoting the New Testament, 2 Corinthians): we are treated as unknown, and yet well known; as dying, and behold we live; as punished, and yet not killed;
circle (small font): we are treated as sorrowful, yet always rejoicing; as poor, yet making many rich; as having nothing, and yet possessing everything
upper text on the balaclava: PUSSYRIOT
lower text on the balaclava: PUTIN'S ASHES