As to business climate I understand your point. Sort of like buying energy products from Russia which has kept the proceeds of your payments to them in your banks and then you steal it...$285 billion. Kind of kills confidence...:-)
Articles recently about China working with financial groups to move China’s money out of the grasp of the West. Kind of hard to maintain “currency reserve” and “petro dollar” status when you steal from your customers. Everybody that can will redirect their financial resources after this disastrous Western move.
But, the most important response to your points is that Russia has permanently divorced from the West and all that is left is “negotiating over the children” (this comes from The Duran.)
The media has buried the very important story about what has been going on behind the scenes world wide. Most of the world no longer wants the U.S. to have free world hegemony. Countries outside of the NATO block are forming new power blocks...BRICS, etc. A West vs. East division is developing.
Interesting side note: They had begun these new alliances after the global economic crises and had begun to have yearly meetings. They suspended those meetings once Trump was elected and then restarted them when he lost in 2020 and Biden was elected.
I strongly recommend reading
https://www.voltairenet.org/article216524.html
The end of Western domination
by Thierry Meyssan
The Western sanctions against Russia, decided unilaterally by Washington, are presented as a just punishment for the aggression against Ukraine. But, without mentioning their illegality under international law, everyone can see that they do not reach their target. In practice, the United States is isolating the West in the hope of maintaining its hegemony over its allies.
It’s painful, but so useful to get a more realistic picture of what is really going on.
Buckle up, we are in for a rough ride.
Vastly premature.
Maybe when China’s per capita consumption doubles. And the long march there has run into inherent roadblocks it seems.
As for the rest, they are hugely dependent on western makets and arent going to replace them with home consumption anytime soon.
The wealth difference between the west and the rest is extreme. And the difference in value of markets is even more so. And as for private flight capital, assuming your money is safer in Shanghai vs New York is beyond unrealistic.
A minor point - one reason Russia is a very special case is that the “proceeds” from exports were held in, not just western banks, but western investments of all kinds, which are much harder to identify and unravel. Thats because Russia, peculiarly, was loathe to reinvest in Russia. There are various estimates, but maybe half of Russia’s national wealth is held abroad. It points to a general distrust of its own nation on the part of both its rulers and oligarchs.
How or whether Russia can bring all this wealth back is an interesting question. And will the host of private parties that own it actually bring it home?
That is an incredible weakness in Russia, and it does not seem like a hopeful sign for an autarkic policy going forward. Russia will require a profound sociological and psychological reform to make its alleged strategy work. That is unlikely.
China has other, different, problems.