1. Russian anticipated the sanctions - this isn't the first time - so Russian had some plans in place. They've been dumping US Fed Treasuries and hoarding gold. That's part of removing USD dependence.
2. Russian has plenty of internal resources with plenty of industry to replace enough (not all) of the sanctioned imports.
3. Russians support Putin at nearly 80%. Sanctions have electrified Russian patriotism. A funny set of Tweets are Russian women tearing up the expensive Coco Chanel products. That's thousands of USD worth torn up because patriotism.
4. Russian has the EU by the balls because Green Energy doesn't and won't replace the Russian exports of oil and nat gas; compounding that is Germany shutting down nuclear power plants exactly when they can least afford it. The next play: demanding payment of the same oil and gas in Rubles rather than USD. The assumption that the USD is supreme is wrong and provably so now with the Ruble rebound.
5. Russian has plenty of allies who leak past the sanctions - like 2/3rds of the world's countries by population - it's LITERALLY only the West who is sanctioning. This is akin to how Cuba was/is embargoed ONLY by the US but not Canada or Mexico.
6. By doubling down on sanctions the US has primarily weakened the Petrodollar which is the ONLY REASON the USD is as strong as it is and the only reason we have the lifestyle levels we have today despite having very low economic production - we'd be closer to Portugal in effective economic strength without having USD reserve currency status. It's a subsidy that has made and still makes us super lazy and entitled.
6a. The US is still living in the delusion of being unipolar and "indispensable". That is no longer reality and sanctions accelerated the move to multipolar.
1. Russian anticipated the sanctions - this isn't the first time - so Russian had some plans in place. They've been dumping US Fed Treasuries and hoarding gold. That's part of removing USD dependence.
2. Russian has plenty of internal resources with plenty of industry to replace enough (not all) of the sanctioned imports.
3. Russians support Putin at nearly 80%. Sanctions have electrified Russian patriotism. A funny set of Tweets are Russian women tearing up the expensive Coco Chanel products. That's thousands of USD worth torn up because patriotism.
4. Russian has the EU by the balls because Green Energy doesn't and won't replace the Russian exports of oil and nat gas; compounding that is Germany shutting down nuclear power plants exactly when they can least afford it. The next play: demanding payment of the same oil and gas in Rubles rather than USD. The assumption that the USD is supreme is wrong and provably so now with the Ruble rebound.
5. Russian has plenty of allies who leak past the sanctions - like 2/3rds of the world's countries by population - it's LITERALLY only the West who is sanctioning. This is akin to how Cuba was/is embargoed ONLY by the US but not Canada or Mexico.
6. By doubling down on sanctions the US has primarily weakened the Petrodollar which is the ONLY REASON the USD is as strong as it is and the only reason we have the lifestyle levels we have today despite having very low economic production - we'd be closer to Portugal in effective economic strength without having USD reserve currency status. It's a subsidy that has made and still makes us super lazy and entitled.
6a. The US is still living in the delusion of being unipolar and "indispensable". That is no longer reality and sanctions accelerated the move to multipolar.