It seems like it's doing massive damage to the Russian Economy. They can go towards China but that won't help much, plus China has ambitions of its own so it may end up de facto a vassal of China if it's not careful...
> No one seems to care about arriving at a solution that will minimize bloodshed.
All the sanctions were announced beforehand, Putin still decided to invade... The only way to minimize bloodshed now is to force a withdrawal and get some guarantees somehow it won't happen again. (either Ukraine in NATO or properly armed by NATO)