A lot of the people here who are passionately arguing that Europe will be fine once they rework where their energy inputs come from don't seem to be able to apply the same sort of thinking to Russia's technological imports.
Obviously sanctions against Russia have caused big disruptions to a large number of industries, because a lot of the technology for these things came from the West and not the East. That will change in time and Russia will eventually rebuild all these affected industries. That's just an inevitability, since the sanctions are not being imposed by the majority of the world's countries with the most important one being, of course, China, which is itself pouring hundreds of billions into developing a lot of the same industries that Russia has now been locked out of - semiconductors, robotics, etc.
What also cannot be disputed is that this sanctions regime, so effective versus countries like Cuba and Venezuela, has simultaneously failed to cripple Russia and led to potentially catastrophic blowback particularly for Europe in the short term and also for American hegemonic institutions in the long term. It's not just the lack of energy inputs that is a problem, but we're seeing the potential end of the petrodollar cycle which has allowed America to have such latitude with monetary policy - how will America cope? We're seeing huge growth in trade taking place without using the dollar. We're seeing China (and others) dump their US treasuries, now at a 12 year low.
The West really blew their entire load with this invasion. Outright stealing assets not just of the Russian government but of individual Russians, SWIFT lockouts, etc. Westerners have problems imagining how other people think, so they don't consider that this has actually scared the shit out of countries who aren't even America's enemies, like the KSA, Mexico, Indonesia. They realize that if they cross Washington, they may be next, and so they'll work to insulate themselves.
This post was edited by kusotarre1 on Sep 8 2022 02:25pm