And the Ruble remains strong because Russia is insisting on taking payments in Rubles, and Europe agrees or will freeze to death this winter.
Simultaneously Russia is not stupid enough to completely cut off the gas and trigger a total crisis. They are pulling on the chains but they understand the risk to the relationship just as well as you do. Don't forget all the gas supply shortages to date have been justified in terms of required maintenances and problems due to western sanctions. That's paving a route for resumption of normal relations between both parties at a later date with no loss of face for either party.
Unless Ukraine retakes the southern coast, Russia will have achieved their main objective.
There's some territory there that the USSR took from China back when China was weak. Once those roles are reversed, who's to say China won't start looking in that direction?