Yes, a simple google of svoboda will simply translate it to english to mean "freedom". But who is being the simpleton?

Its more complex than this and Reagan knew of the word through the essay "Will The Soviet Union Survive Until 1984?" by a dissident named Amalrik, where he discusses the word Svoboda currently in most Russian's minds meant anarchy, a freedom to do whatever you want, not freedom in the sense of rights that cannot be taken by others.

Google

"Understanding Cultures Through Their Key Words svoboda"

the book has a very in depth discussion of the differences of freedom and svoboda. You as much as anybody should know the etymological debate on the word freedom between different political cultures, and the classic definition that Reagan based his life on. I guess its true as they say, name calling says more about the person saying it, than who they are saying it about.