Good point. So to add some info relevant to the topic. Russia international monetary reserves have decreased by about 100 bln USD since their invasion of Ukraine in February (from 643 bln USD on February 18th to 540 bln USD on September 30th). They decreased by about 25 bln USD during the month of Spetember, so the pace of Russia losing its reserves is definitely increasing.
All this data comes from the official internet service of the Central Bank of Russia: http://www.cbr.ru/eng/hd_base/mrrf/mrrf_7d/.
So much for Russia supposed ability to replace lost revenues from the West with export to China and India. And it is going to get worse. If the world economy really slips into recession, what happens then? One of the first consequences of recession is sharp decline in demand for basic raw materials.
So if Russia really tries to ignite global recession that's purely suicidal move - they will be hit hardest. For once their economy is already in deep recession (we can debate whether Russia GDP will contract by 5, 7 or 10% this year but even the smallest number is very bad - and much worse than in Western Economies) and if recession really hits European Union or US, Russia wll be hit even harder.
The original forecast was 20% contraction then reviewed to 9,6%, then to 4,8%, then to 2,9%.
There is no way that Russia is going to contract worse compared to the West.