If they make their currency backed by gold and oil it might get some real traction.
Yeah. Nice of them to sanction the Russians so much the Russians no longer have anything left to lose.
They have experience with previous times when even after doing all they could to address US claims for cause of sanctions they never got sanctions relief. Detente with the Soviets only happened when they reached nuclear parity with US. The Russians know the US won't negotiate with anyone weaker than them. The thing is, the Russians today have superiority in terms of nuclear arsenal. And the US ignores this at their own peril because they assume the Russians won't use nukes. We live in dangerous times.
It will crash into oblivion. But the Russian economy is mostly self-sufficient. They will suffer for a couple of years but then they will have an economy which is shielded from US snooping into financial transactions, interference with oligarchs, etc. If Iran can do it, what makes you think Russia can't?