Currently, Russia does not pose a clear threat to other countries except Ukraine, but Western provocations may push it to do so. The expansion of the conflict outside Ukraine is what is causing turmoil in the global economic market and is what has compounded the crisis. The policy of economic sanctions on Russia had the opposite effect.
If you believe that Russia is the most important actor in the world, then your conclusions are completely inaccurate. There is a war between two camps, one led by the United States and the other led by China, and the Ukrainian war is only one manifestation of that conflict. Those forces that lead the alliances are the ones capable of causing the global economy to contract or stagnate.
So China made Russia invade Ukraine? How did they pull that off?
It did not make Russia Ukraine, but it supported that military operation and did not declare its opposition to it from the beginning, as most countries in the world did. It also did not abide by the international sanctions imposed on Russia and expressed its approval to buy Russian petroleum products. Isn't this considered declared support?
You can imagine what the situation would have been like if China had not been an ally of Russia, or it can be said that China is the one moving things behind the scenes on the Russian side, just as the United States plays the same role on the Ukrainian-western side.