Here is an interesting piece from George Friedman on what he calls "weaponized dollar".
This is very insightful and I think George does his best work when he takes a bird's eye view and considers the bigger picture. It also considers somewhat how effective sanctions are and, perhaps, the type of sanctions. To some degree, I suppose, it depends on cultural differences between people.
The American view on this is that people are more or less the same everywhere and since they all fundamentally want to live free and happy life, we can make strategic calculations based on those motivating factors. That may or may not be true. All people are created equal, but not all cultures are created equal.
Regardless of how it all ends, Russia managed to conclusively prove that it is not a great power. Culturally, it will be exceedingly difficult to reconcile for the russian people. Stalin famously quipped once that the russian people can can be neck deep in shit and still happy as long as they believe they are a great people (this may be a poor translation, but I think it is close).
Here is his conclusion at the end of all this:
"The outcome of the Ukraine-Russia war is of some strategic importance, and of great moral importance. That outcome is unknown as yet. But the certainty of the U.S. controlling the global trade currency has been demonstrated, at least until an alternative currency emerges and people are prepared to sign five-year deals in it."
If he is right, that means that the way China vies for supremacy is smarter than the way Russia is trying to do it.
Either way, here is the link to the whole article. Let me know what you think:
https://geopoliticalfutures.com/learning-lessons-from-the-war-in-ukraine/