Welcome to the multipolar world, New York Times! And to the western ruling “elite”: thank you for sanctioning Russia, you moronic imperialist scum. Now there is an alternative global financial architecture forming that will make western sanctions toothless and ineffectual, even against small countries you used to be able to bully, choke and rob. One step closer to the comprehensive defeat of the arrogant West, one step closer to the complete liberation of the global south.
They’re not being given much of a choice to my understanding- between the west blatantly stealing their assets wherever they find them, and their diminishing in influence allowing Putin and the Russian state to strongly “incentivize” the matter and finally reel them in.
The dynamic is less what you describe now, and more “they can choose Russia and their Russian assets- and play by tightening Russian rules- or they can choose to flee to their vacation homes in the west, and have to cut ties in the homeland for the west to allow them to do so.” A very happy dynamic indeed (for everyone who’s not the oligarchs)