It most certainly didn't. ICBMs, for instance, could grind the Russian economy to a halt in 15(?) minutes.
Also, there are still steps to cut off Russian oil and other products that haven't been done because it would cause a lot of suffering.
I think the proper characterization would be that western governments have foregone profits and some convenience to break Russia's economy.
that will bring world GDP to zero rather fast. Suggest reading on mutually assured destruction and on second strike capabilities.
Although, while I wouldn't (literally) bet the world on it, I doubt that Russias nuclear arsenal has much second strike capability. Heck, I'm not sure they have functioning first strike capability to significantly damage the US.
Happy to suggest some literature to dispel your doubts.
Although also please note I said "functioning". I have no doubt but they have the ICBMs to do so built, but I wonder about theirs maintenance status. As I understand it, you cannot just stick them in a silo and have them perform when needed.