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However what does detract from this point somewhat is that this neglects relative purchasing power. At purchasing power parity, Russia's military spending is actually higher than perhaps people realise.

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Yes! And their defense industrial base is massive, not only are they just spending for internal use, but they also are making improvements constantly because they sell these weapons abroad (e.g. S-400's which piss of America to no end)

https://www.aljazeera.com/news/2021/9/26/erdogan-turkey-coul...

This all comes with a time limit however. Because of the demographics of Russia, they will not be able to keep this military industrial base up for more than a couple of decades. It is really a case that Russia are currently at their strongest militarily (unless something drastic changes).

With this in mind, the west's strategy of economic pressure makes some more sense. The economic pressure will help this strength window last for less time, and perhaps even cause some internal issues that will distract away from foreign adventures.

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