From the POV of outside of Russia… this is Russia defaulting on its sovereign debts, no?
The West expects to get away with it, why not Russia?
And of course with all this defaulting on liabilities going on, those other countries in debt to the West are looking on to see what happens.
The answer will be less than most fear. As is usual in these situations the fear is a greater behaviour control than the reality.
One of these two so casually mentioned in the same sentence is literally bombing civilians.
If bombing civilians will not stop you from defending a murderous regime with whataboutisms, what will?