Do you think NATO's tensions with Russia could have an impact on the world economy?

According to https://www.cnbc.com/2019/06/25/nato-says-russia-… NATO has been trying to get Russia to destroy its missiles, but Putin is relenting. The article also indicates that tensions could escalate between the US and Russia if Putin continues to refuse. My question is do you think this could have any impact on the economy? In the old days the USSR was neck and neck with the USA, but what about today?

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