Intimidation has its own value, mostly domestically for Putin. He gets to look like a total badass and create the illusion that Russia is a superpower again.
But if you look beneath the surface, a good deal of it is all hat, no cattle. Their economy, aside from being a straight-up kleptocracy more akin to a vast Mafia protection racket than a free-market system, is extremely dependent on energy and resource exports. It’s a major vulnerability, economically speaking.
I agree! The thing that would hurt Russia the most is the per barrel price of crude dropping below $70. The Unicorn President - also known as President Hornbreath - would never sign off on American energy resources being brought to bear to make that a reality.