Your solution is just a Russian imperial wet dream.
Russia is not special. They don't get to decide who joins what alliance or does not join. They have a responsibility on their own territory to their own people and that ends there. Russia is not some super race of god like beings.
Russia must come to terms that NATO will expand and NATO will strengthen.
Russia instead should, become democratic and open. Realise and come to terms, as the UK, France did, Japan did and many other countries did, that their empire days are over. They need to act responsibly.
Until such a time NATO will just get stronger, European countries will develop and buy more US hardware.
Advanced ABM capabilities will be put in place.
Russia will be isolated. Russia has to make a choice. Be just and not paranoid. Respect others and they will be respected. Threats are not the way to gain respect because Russia can't change its neighbours and they are here for the long haul and they remember. It's better to just get along.