Anyone with a brain saw this coming a mile away. All the sanctions did was hurt the west and pushed Russia closer to a traditional rival of theirs, China. Brilliant! The EU needs Russia WAY more than Russia needs the EU (b/c if need be Russia can be largely self sufficient re: energy, etc.). These sanctions gave Russia the impetus to tie their currency to gold and also their energy exports to rubles/gold. It's almost as if they want to hurt everyday citizens....hmmmm
This ^^^ the sanctions are hurting the west more than Russia...especially the EU. If they keep the sanctions the EU is going to have a very rough ride this winter due to lack of gas/heating/etc. especially if the US doesn't start producing more energy products to ship over there to make up for the difference.