Remember that last year Russia pulled all its dollars out....they have a ton of gold.....I don't think they care about the dollar sanctions.
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Sanctions in the short run don't do much. In the long run, they can hurt if a leader can't redistribute wealth to his supporters, but we are a long, long way from that.
But Russia is a petro-state, and with high oil prices, they are in no danger of financial collapse.
I don't blame them for hedging their bets with gold.