The sanctions regime is collapsing. Bottom line, you cannot establish global government by force. None were ever strong enough to do it. Cooperation is required, and cooperation requires discussion and agreement. What we have now is disagreement. We are now returning to cold war status between the global superpowers, and so far nobody knows what the end product of that is going to look like. So you could say that what is happening now is they are just setting up some new boundaries for a new multi polar global system. Remember, during the previous cold war, we still traded stuff like food. America sold grain every year to both Russia and China, because Communists can't grow enough food to feed themselves. Now capitalist Russia is a major food exporter. Global government is still possible, but a new agreement will be required. Euro dominated globalism is finished.