The Europeans ( and others) have learned, or maybe should have learned, from their past experience of boycotting economic relationships with Russia.
Russia is not just a supplier of oil, gas, lumber, iron ore, etc. to their countries, it ia also a huge market of all possible goods for those countries, and the proximity to that huge market makes these economic relationships profitable.
Remember all those EU warehouses full of fruits and vegetables destined for Russia but instead rotting there? No, the US has not stepped in to pay for all those damaged goods. And many Europeans openly said that the US will be the first to jump in and to take advantage when the embargoes stop.
Canada got hurt too. I wrote about my cousin being a consultant in one of those 'stans'. A very highly paid one. And then, under the US pressure, the Canadian firms started closing down their facilities and offices there. But the Russians turned to be quick learners, and they no longer needed most of those consultants after the end of embargo. But what happened in Canada? My cousin, upon return, has found his old office closed for good. All office employees were gone/let go. For what? For some 'global fairness' determined by someone else, who did not suffer any consequences?