Yes, The West is going crazy and crossing every red line with sanctions (official and unofficial) and outright theft against Russian citizens that go well beyond what has been done by civilised nations in actual wartime. Certainly far worse than the Cold War.
The West does not seem to understand that there is not a clear line between sanctions and Acts of War. NATO and US allies have clearly declared war on Russia. How will the world's largest nuclear power respond to such provocations and escalation?
The West is also destroying trust in the entire financial system. If it can happen overnight to Russian citizens who don't even support Putin then it can happen to anyone.
Certainly an opportunity for crypto.