One of the big losers of Russia's militarily campaign in the Ursine is China. They suddenly see on just how effective sanctions can be in the modern world. China is more vulnerable to world wide sanctions, because they need energy and food more than Russia does. Mind you, russia is going to be going through reverse individualization if this war continues past the end of the year, as parts to the manufacturing plants wear out, and their stock pile of spare parts get depleted
Briefly, my position on sanctions is that they're like beating a country with a pillow where the pillow gets weaker with time. Sanctions are never 100%, not even close. (Are they even 20%?) We hear reports daily of countries considering another round of sanctions on Russia, which would only be possible if significant sanction options remained on the table. And then there's that the target country finds alternative trading partners. Some European countries are pledging to stop purchasing Russian fossil fuels by the end of the summer. Anyone want to lay money that'll happen?
Finland is applying to join NATO and Sweden has decided to follow suit.
This is another blow for Putin, although a predictable one. With an aggressive neighbour joining a defensive alliance is obviously a good idea. And threats from that neighbour are at least as much an incentive as a deterrent.