Russia will hurt but not collapse.
Russians will be hurted not the Establishment in fact Russia will increase arms supplies to Pro Russian countries and even let other countries products in Russian markets and with time increase its reserves in shape of sells and taxes.
The same repeating of Iranian sanctions we are going to see now.
Obama Backs Bill Imposing New Sanctions on Russia - ABC News
WASHINGTON — Dec 16, 2014, 6:32 PM ET
By JULIE PACE AP White House Correspondent
President Barack Obama will sign legislation imposing new economic sanctions on Russia, the White House said Tuesday, as the U.S. claimed some credit for sparking Moscow's roiling currency crisis and moved to deepen the pain.
Still, White House officials acknowledged there were no guarantees Russia's economic woes and another round of sanctions would compel President
Vladimir Putin to curtail aggressive actions in Ukraine. The Russian economy has been in a downward spiral for months, but Putin has managed to maintain political support at home.
"The aim is to sharpen the choice he faces," White House spokesman Josh Earnest said of the sanctions. He said Obama was likely to sign the bill this week. The measure cleared Congress late Saturday.
Obama's support came as the Russian ruble continued its precipitous fall. The impact of the Western sanctions has been compounded by plummeting
oil prices, leading Russia's Central Bank to announce a massive middle-of-the-night interest rate increase Tuesday in an unsuccessful bid to stabilize the currency.
Obama economic adviser Jason Furman said Russia was grappling with a crisis of its own making.
"The combination of our sanctions, the uncertainty they've created for themselves with their international actions and the falling price of oil has put their economy on the brink of crisis," Furman said. "That gives you only bad choices."
