Hi Anne. Thanks for the conversation
Here's a PDF of the usda report on controlling Russian Olive:
https://www.fs.usda.gov/Internet/FSE_DOCUMENTS/stelprdb5410126.pdf
Like most invasives, it chokes out native plants -- it is also extremely hard to remove once it's established. It will resprout from it's root after being cut down
Interestingly, it also seems to change the nutrient balance of streams that it grows near. Here's a 2021 study showing that Russian olive planted near streams is associated with increased invasive carp in the river. (They hypothesize that it is the increased nitrogen in the run off from the trees that allow carp to replace fish that had been adapted to lower nutrient levels
https://esajournals.onlinelibrary.wiley.com/doi/full/10.1002/ecs2.3789
I would recommend that someone wanting to make their little spot of the world a better, healthier place, should find a native tree/shrub, or if that isn't workable, a nonnative that won't cause damage
I hope this helps -- I'm happy to chat more if you'd like
Laura