It's about telling India's banks that if they are used to letting Russia get around sanctions, they will be sanctioned themselves. The same thing was told to the Chinese banks.
Does anyone in the enlightened, civilized, superior, white-burdened and divinely-ordained West/US realize that they are just sanctioning themselves? It is not 1990 anymore.
I firmly believe that the Global South will be the new superpowers. They'll all turn their backs on the U.S. and the Western Powers for all the chit that has happened in the past.
No. What the West done over the last 500 years from imperialism, colonialism and genocides is unmatched in human history. The world is heading towards multipolarity where there won't be any single power that will dominate it anyways. It is telling though you think the rest of the world will be as bad as your civilization has been. People do see others with their own eyes.