I think your assessment is only partially correct.
The Europeans are getting their act together and increasing their cooperation and defense spending.
Sweden and Finland joined NATO, placed large defense orders and started integrating with the British.
France has started talking about expanding its nuclear arsenal to cover the defense needs of the entire continent.
While the Russian military has gained tremendous military experience, they have lost huge amounts of top tier kit.
They are now essentially dependent on China.
No one came to aid Iran during the Israeli air campaign, the Russians were too busy and the Chinese didn't care enough.
The main winner has clearly been China, but the US and the EU have not really lost anything. If anything everyone that is not a party to the war is coming of a bit stronger.
The Europeans are getting their act together and increasing their cooperation and defense spending.
Sweden and Finland joined NATO, placed large defense orders and started integrating with the British.
France has started talking about expanding its nuclear arsenal to cover the defense needs of the entire continent.
While the Russian military has gained tremendous military experience, they have lost huge amounts of top tier kit.
They are now essentially dependent on China.
No one came to aid Iran during the Israeli air campaign, the Russians were too busy and the Chinese didn't care enough.
The main winner has clearly been China, but the US and the EU have not really lost anything. If anything everyone that is not a party to the war is coming of a bit stronger.