Russia is a military and nuclear power, not an economic one. Their economy is surprisingly small. As others have pointed out, nothing they make outside of the energy sector is unique - it could all be replaced by other countries. All in, Russia accounts for less than 2% of global GDP.
If you're going to worry, focus on the fact that you have a nuclear-armed former superpower that is getting humiliated and cancelled on the world stage and may at some point decide they have nothing to lose.
Posted 4.5 months ago, here is a timeline to tyranny, purportedly from an ex-Pfizer scientist. https://stateofthenation.co/?p=91761 . It claims that in Phase 6, taking place between now and September, the elites have a plan in place to "Trigger the economic, financial and stock market collapse, the bankruptcy of the banks."
I'd love to hear something that contradicts this. It seems like an excellent explanation for provoking for war, and putting in sanctions. With fuel prices going crazy, and house prices already untenable for many, and governments spending many millions or billions of dollars they don't have for Covid relief, it really does seem reasonable that an underhanded organization could bring down the world economy.
Fun times indeed.
What we're witnessing is the end of an era. As Lenin said, "There are decades where nothing happens and there are weeks where decades happen." Lion prides work where there is one dominant male until either it gets too old or a young male gets too strong. Then, in a moment, it all changes. No empire lasts forever.
The US is fiscally bankrupt and has pissed off its opposition too long. It spent a fortune on tanks and missiles, and then technology came and made that all essentially redundant.
My guess? Russia and China (and probably India) will base their currencies on gold. They will want payment for energy, rare minerals, chips, etc. in that gold-based currency. NATO will dissolve and the US will become deeply poor.
Long term I think this will strengthen the Russian economy, provided they take this opportunity to restructure their infrastructure supply chains with a focus on domestic supply routes. Ultimately this may lead to some competition that erodes western influence, but it's something we as Americans I believe are prepared for.
I've worked a lot in manufacturing planning and scheduling for companies that do aerospace, defense, and federal contracts. I've also worked for the federal government. A very substantial amount of consideration goes into our supply chains here in America (we are still catching up on digital supply chain integrity). Integrity is everything. Even when we were in a trade "war" with China recently; sourcing raw materials became more difficult, but only slightly. We were set back a couple of weeks at most.
Russia, on the other hand, obviously has no supply chain integrity. They seem to be barely able to function.