RU is both strong, and fragile in terms of economics.
Their energy exports are strong, so that is clearly the biggest target.
But depriving them import/export of non-energy stuff would probably cause significant economic impacts.
However, the RU economy/society is resilient to contraction, being a quasi-commie society.... One only need look to North Korea for an example of how economic sanctions function, and dysfunction.... The RU is large enough to sustain a level of economic sanctions.
If the western world only has economic consequences, well clearly that's a gambit RU is willing to accept.
A new cold war will take decades to play-out.