Add onto the fact that Russia still maintained its industrial base while the West has outsourced all of theirs to SEA and China, and things look very different. You can't just shut down factories and industry and start it up again like a car engine which is what most Western politicians believe. You need to maintain supply line of raw materials and a revolving door of journeymen and apprentice workers, something the West has not done for decades.

Europe and to an extent the US is going to be in for a world of financial hurt.