The Blue Jackets received defenseman Nikita Nikitin in the deal, which was announced Friday.
The 24-year-old Russell has two goals, an assist and 13 penalty minutes in 12 games with Columbus. The 5-foot-10, 174-pound defenseman has played in 288 NHL games in five seasons, all with Columbus, and has 18 goals and 61 assists. He was a third-round draft pick in 2005.
The 25-year-old Nikitin has no points and is minus-5 in seven games with St. Louis. He was a healthy scratch in eight of the past nine games. The 2004 fifth-round pick has one goal and eight assists in 41 career games, all with St. Louis.