They hurt in an immediate sense of tanking their currency and seizing their overseas assets. They had the longer term effect of Russia counter-seizing all Globocorp assets of the firms that supported the sanctions and had physical property in Russia, and of the creation of a new interbank system among the BRICS+ countries eventually intended to bypass Western sanctioning ability entirely. The geopolitical scene is again trending toward multipolarity.
I'm not so sure of this. I think my current analysis is more along the lines of 1/ since the Industrial Revolution ca. 1820 (the end of the Revolutionary period, and first wave of attaqs on Russia)... a pattern has established itself, which is to mix a sort of Enlightenment-style political revolution, as in America, France and later Ireland and Russia with 2/ an urban peasant revolution.
This mixes characteristics of a typical 1381 style Wat Tyler peasant rebellion ('Bolshevism' now, 'Protestant Lollardy' back in the day) with the more 'typical' Enlightenment Revolution. We are now modulating into a third phase, in which 'Wilsonian Progressivism' (as in, Col. House) sort of thing, and the Fed, and the Comtean Positivism of (in this hemisphere) of Brazil or Mexico ca 1910, and the subsequent Neo-Liberal vs Pink Tide battles... approaches the Northern parts of North America, with very well-established patterns.