With the massive sanctions imposed by the west including:

The freezing of most of its foreign currency reserves,
The grounding of its airlines,
The almost total freezing of purchases of Russian products
The withdrawal of foreign companies
The stopping of purchase of Russian oil by the west (Russian oil sales have dropped nearly 70%)

And the massive cost of the war in Ukraine the Russian economy is collapsing to the point where the ruble has collapsed by 50% and the country's bonds have junk bond status.

As far as the war is going, their convoys have ground to a halt and they have already lost more military vehicles than they can replace and are desperately trying to replace them with civilian buses, tankers etc. They are also losing hundreds of soldiers every day along with tanks and aircraft.

The west has supplied nearly 20 000 anti-tank weapons and nearly the same number of anti-aircraft missiles that are littering the Ukrainian countryside with the wreckage of hardware that Russia can't replace.

Soon Russia will be in as bad a state as when the USSR collapsed.

Soon Russia will be in as bad a state as when the USSR collapsed
shadowminister,
I think Russia might just give the West a taste of their own medicine !

No. Russia is not becoming a failed state. Like China, which suffered from 100 years of humiliation, Russia, under Putin, is intent on getting back at America for winning the Cold War. Putin wants to unite Russia, but not in the guise of the old USSR. He is intent on a return to Czarist Russia, with himself as Czar.

If you want to know more, you should read 'Putin’s Playbook', by Rebekah Koffler. Koffler, is a Russian-born American who worked for U.S. intelligence during her working life. She has some interesting things to say about her country of birth, about Putin’s support for America's left, and the incompetence and corruption of U.S. intelligence organisations in their dealings with the Putin threat.

Most of the military sent into Ukraine believed they were going into a friendly people who would welcome them and release them from oppression from its government. However, they have found the people are hostile to them being there, as are many in Russia.
http://www.youtube.com/watch?v=t4OhtZKHalU

It has been suggested that a no-fly zone over Ukraine might be the only rational solution for NATO, which will have to fight Putin eventually.

Putin is Human. NATO doesn't have to fight him eventually - sooner or later he will die off, and it's more likely to be sooner than later.