Galchenyuk was a "reach" at 3OA and so, to a certain extent, was Kotkaniemi. If Michkov is there at 5OA it's not a reach, it's a steal. In any other draft year not including Bedard, Michkov would be the player that the Chicago's and San Jose's would be tanking for. If it was last year and he wasn't Russian, Michkov would already be a Hab. His talent level is generational in a way that Fantilli's, Carlsson's and Smith's are not. He's the closest thing to Bedard you can get without getting Bedard himself.
Put the fears of politics and everything else aside. Draft the most talented player. If Michkov is there at 5OA he will be the head and shoulders most talented player available and not taking him will be a huge mistake. I'll take the risk that he never comes to North America. Use the Florida pick on a safe player. Use the 5th pick on the most talented available. If the Ducks, Sharks, and Blue Jackets balk, grab Michkov.