Russia has far more mineral wealth than oil.
Sanctions....yeah they're stupid. That's not the point.
Banks don't run on emotion.. they're all business. If Europe can use NATO to draw Russia into a full scale war the spoils for them afterward are unimaginable wealth.
Russia's natural resources are estimated to be worth $75 trillion, and include:
coal, oil, natural gas, gold, timber, and rare earth metals.
Russia is the world's largest producer of nickel and palladium, the second-largest producer of platinum and copper, and the fourth-largest producer of zinc globally.
Russia's Arctic seabed may contain significant deposits of valuable metals and precious stones, such as gold, silver, copper, iron, lead, manganese, nickel, platinum, tin, zinc, and diamonds.
What is Russia's most valuable resource?
Is Russia the richest country in natural resources?
What does Russia lack in resources?
Featured snippet from the web
Unexplored reserves could total 9.24 billion tons (67.7 billion barrels) of oil and 88.3 tcm of natural gas. Overall, Russia esti- mates that these areas have up to 10 trillion tons of hydrocarbon deposits, the equivalent of 73 trillion barrels of oil.