LOL no. NATO can spend $500bn/year and it will only be 1% of combined GDP. Not even at half that right now. And we are still trading freely with all our partners.And in that process the whole Europe will too get bankrupt. Already people are lining up for free ration in Italy and soon British including you maybe standing in queue for free Ration...
Putin is not Boris Yeltsin or Gorbachev, he did unthinkable selling crude oil and gas in Rouble Yuan (for China) and Rupee (for India). So Russian economy won't sink as it earns steady income and can get whatever it needs from China and India and therefore will keep floating for decades. I doubt European economy will keep floating without Russian Oil and gas for even next 5 years and if US prints dollars to keep floating Europe the dollar itself will become Toilet Paper taking down the US economy too....
It's selling its oil for depreciating currencies. How does that help? Meanwhile it's borrowing money at 8% with -5% growth and accelerating. Even had to borrow at 20% a while back. Russia is fvcked, just a matter of time. It'll be selling oil for loans soon.