The US has already implied that they would be willing to drop the sanctions in exchange for a peace deal between Russia and Ukraine.
Also it will take at least 5 years to replace Russian gas and as you can see with the Poland and Norway dispute. It will cost the EU several times more to buy oil and gas elsewhere.
So far, looking at the Rubles performance compared with surging petrol / food costs (inflation in general) in the west and a potential recession around the corner it seems as if sanctions against Russia have backfired but only time will tell
Anyways watch this very interesting video
Also it will take at least 5 years to replace Russian gas and as you can see with the Poland and Norway dispute. It will cost the EU several times more to buy oil and gas elsewhere.
So far, looking at the Rubles performance compared with surging petrol / food costs (inflation in general) in the west and a potential recession around the corner it seems as if sanctions against Russia have backfired but only time will tell
Anyways watch this very interesting video
To be honest with you, this isn't the win russia claims it is. Denmark has gas too which it can pump to Germany and the Scandinavian states and the remainder of Europe will likely be supplied by the Gulf States via a pipeline through Turkey.
In time, they'll even make a shift towards nuclear energy and in the end, russia will be left with only one significant client for energy - china. They'll make up the volume of russian gas trade but at heavy discounts and it won't fill the void Europe left.
No, what will hurt russia more in the short-term is the exodus of technological companies and ban of exports of electronic components to russia. China will be their hub of acquisition for the aforementioned but even it will restrict sales as much as possible because it doesn't want to get sanctioned as well for selling contraband to Moscow. However, after the war has ended, they'll probably chalk out an alternate route/compromise.