How are sanctions going to affect Russia in the immediate future?

Imagine if you were a country that wanted to buy something from another country. Now imagine if they refused to ever take your money. So the obvious thing to do is to get a bank account with their local currency, right? But none of the banks will allow you to get a bank account, and no one will give you any way to get any of their currency. But you have existing bank accounts all over the world, so you'll just pull that money out, right? Nope, those accounts have all been frozen and you have zero access to them.

Now imagine that all of those places also shut off their airspace to your country. I suspect this also goes for shipping. It basically causes you to become a hermit, and that's very challenging with the current global economy. Unless you embrace something like North Korea's "juche", you're going to be really hurting.

That's more or less what is happening to Russia right now.

Hyper-inflation?

Basically today with 1000 rubles you could have a nice meal at a restaurant for two people, in two days with 1000 rubles you will barely able to buy a loaf of bread.

Anything you need to buy from outside russia it's going to cost you too much, and you won't be able to pay for weapons, ammunitions and soldiers' salaries.

russia has a massive amount of gold reserves

In the long-term, the Russia Gold Reserves is projected to trend around 2400.00 Tonnes in 2022 and 2420.00 Tonnes in 2023, according to our econometric models. Gold Reserves are country's gold assets held or controlled by the central bank.

You don't get to play anymore.

Russian soldiers won't fight because they will get paid in worthless paper because it has no future value. All Russians remember the 90s even the new soliders born after 2000. And their parents remember. Pepperidge Farms remembers.