Yeah, suuuuuuure it is. That's why it's devaluing so quickly and investors - entire nations - are looking for alternatives, and finding them as we speak.
What you call normal "asset freezes," the investor/victims call "theft." Eastern nations or anyone imagining their nation getting on some rash-thinking POTUS' s**t-list won't want any part of it. They're walking away right NOW - while you're telling us it won't happen.
And over an insignificant trash heap - Ukraine - nothing nearly as significant as WWII. Unlike WWII we lost.
Also service people and retailers don't want dollars - why should global investors?
[Yeah, suuuuuuure it is. That’s why it’s devaluing so quickly and investors - entire nations - are looking for alternatives, and finding them as we speak.]