i sincerely hope the sanctions will have serious effects. I hope that the US, and all other nations of the world, enact them to the fullest extent that we can.
Putin has been building up his reserves in other national currencies and crypto-currencies over the past several years in order to weather the coming storm. But if the nations of the world can hit the oligarchs hard where it counts, that could fracture the Russian government. That's probably the world's best and only hope at ending the current Russian aggression.