The latest sanctions from Western powers against Russia will likely have a very significant impact on their economy. Unlike previous sanctions, these went straight for the jugular of the Russian financial system, possibly crippling it overnight. The Russian economy is likely going to be engulfed in inflation, the magnitude of which it has not seen since the early 1990s. Russia has been cut off from the West overnight, canceled by modernity.
The thinking in the West is that the Russian people will revolt against their dictatorial ruler, and this will bring an end to the war. In addition, the sanctions should in theory deprive Russia of the economic oxygen it needs for Putin to be able strengthen the Russian military and put an excruciatingly high price tag on future wars.
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