Also, the Dollar and Euro can have effect on the Russian economy and tracked for intelligence only if they are used.
I wonder if this will be considered a great blunder, looking back in few years.
Forcing worlds most energy and minerals rich country doing business with most industry rich country, what could go wrong?
Same way Britain wasn’t shooting itself in the foot blockading Nazi Germany, or the West by refusing to trade with the USSR.
> Forcing worlds most energy and minerals rich country doing business with most industry rich country, what could go wrong?
Post-Soviet Russia as an independent power has been an unmitigated disaster. China is America’s geopolitical rival, but at least it’s rational. Moscow as a Chinese suzerainty is likely a better configuration than it as a sovereign power.
(Also, it’s clear China isn’t willing to let its financial system be sanctioned simply to trade with the likes of Russia.)
With less variety, slower and at higher cost [1]. And they’re not getting much of the high-tech kit [2]. (The Germans also had blockade runners. Everyone does. That doesn’t make a blockade less onerous.)
Russian natural gas sales have also cratered; Beijing is leveraging its position as a monopsony to demand price concessions [3].
[1] https://www.csis.org/analysis/out-stock-assessing-impact-san...
[2] https://www.aei.org/research-products/report/the-impact-of-s...
[3] https://www.reuters.com/business/energy/russia-china-gas-pip...
Stuff getting expensive is no different than the west really. Slightly worse living standards can destroy the western democracies as they shift to extremist politics but has no effect on Russian leadership.
As long as the executive power do not try to subvert the legislative, judicial or, in a more limited way, informative power, we can't call "extremist politics". Which is why i reject the idea that reactionnaries like the RN in France are still fascists as their rethoric against judges and informative power is really tame (they could be lying, making them cryptofascists, but this is subject to personal beliefs and not facts).
[0] https://en.wikipedia.org/wiki/Atlas_Network
[1]"L'Extrême Centre ou le poison français : 1789-2019", Pierre Senna