Just some quick points about the economic risks for Europe as a whole:

1) Obviously the current Russian aggression is a negative factor for European growth.

2) Obviously it is so far a very small one for the huge economy as a whole even if there are sectors and countries suffer more.

3) Obviously Russia can greatly increase the damage but only if it shoots into an economic leg called gas.

Once again time will tell. I actually wouldn't even rule out point 3 after the latest Russian actions, which says quite a lot.