The strategic interest in Washington thought the weaponising of USD + sovereign asset consfication were the other non military tools in combination to AFU preparation for almost a decade had that desired effect. Putin too has thought this was a bigger possibility too. Putin thought weaponising NG was sufficient to mitigate EU aggressive move, no immediate knock out effect too.
As you intimated, these things take time but in the meantime high input energy cost don't appears immediately on the CPI. This is now a global issue. One immediate side effect of the US financial sanctions is Brics+ opposing body setup. Indo Jokowi is quick to warn their citizens against dependecy of visa/mc payment systems and Indo more a US ally. Just some unintended consequences no one predicted.
Not to worry, when those shiny N subs make delivery, our biceps will be so large it is literally dragging on the floor. Xi/Putin would be shaking in their boots. Baby punching Tyson destroyer.