Russia is mostly contained and I don’t really see how EU would consider them a threat. They aren’t stupid enough to attack an actual NATO member country.
Trade being cut off with Russia is more of a threat to Europeans than their military.
This will change. Actually, it's changing as we speak.
The 2022 invasion of Ukraine basically slammed the door on Western investment/business in Russia. Sure, some companies have yet to divest, but the obvious ways to make money (and thus influence Russia through market forces) are now mostly gone.
Russia has since become more and more of a vassal state of China and India. The country's vast natural resource wealth must be sold somewhere, and a large part of the market will not buy at any price. Europeans and North Americans were fairly lenient on just what they wanted of Russia in order to buy their output. Basically, don't launch an invasion of Ukraine. Since Putin couldn't hop over that bar, he now gets to hop over the bar set by China and India, which means selling things at a bargain-basement price purely on the customer's terms. If China doesn't like something the Russians are doing, they get to say "it'd be a real shame if Rosneft couldn't sell that oil and natural gas this quarter".
North America and the Pacific does.
The EU is still indifferent as they feel Russia is the larger threat.
And it makes sense. Living in the West Coast, China is much closer than where the fighting would happen in Eastern Europe.
For most of Europe, it's the other way around.