China News Agency, Beijing, April 2 (Liu Wenwen) In the context of the conflict between Russia and Ukraine, the US sanctions against Russia continue to increase.

A report released by the Chongyang Institute for Financial Studies at Renmin University of China (Renmin University Chongyang) said on the 2nd that the US sanctions against Russia are not helpful to solve the problem, but have brought serious negative effects to the world, Europe and Russia.

　　The report comprehensively sorts out the methods, characteristics, impact and enlightenment of the US sanctions against Russia, and summarizes that in the eight years from 2014 to April 1, 2022, countries led by the United States have imposed 8,068 sanctions on Russia, more than Iran is the most sanctioned country in the world.

Among them, there have been 5,314 new sanctions since February 22, and the Western sanctions against Russia in the past 40 days are about 1.5 times the sanctions against Iran in the past 40 years.

Sanctions and counter-sanctions have a profound impact on the global landscape and the world economy.

　　The report divides the overall increase in US sanctions against Russia into seven categories, ranging from primary sanctions to secondary sanctions, with unprecedented breadth, depth and intensity.

Including elite sanctions, economic and trade sanctions, political sanctions, military sanctions, technological sanctions, cultural sanctions, financial sanctions.

Sanctions focus on financial sanctions. The United States launched the national financial sanctions machine to restrict financing of Russian sovereign debt in the international financial market; sanctioned the Russian central bank, freezing half of its foreign reserves; freezing personal assets and cutting off financial transactions; seven banks were excluded from SWIFT and other measures .

The United States and the West excluded seven Russian banks from SWIFT, which is considered to have dropped financial nuclear bombs and shamed financial civilization.

　　The report analyzes that the United States is hunting Russia in international politics, treating Russia as a strategic competitor, and trying to isolate Russia from single sanctions to joint sanctions.

In order to counteract the sanctions imposed by the United States and the West, Russia has established an anti-sanction headquarters led by the Prime Minister.

Russia's own energy endowment has played a deterrent effect on the United States and the West, forming an inherent countermeasure.

Russia has introduced comprehensive countermeasures, listing 48 unfriendly countries against US and Western sanctions, cutting off oil and gas supplies at any time, binding the ruble to natural gas, and accelerating the use of the SPFS system instead of SWIFT.

　　The report pointed out that the United States and the West are suffering from sanctions against Russia. As the world's largest resource country, Russia's foreign debt is at a low level in the world.

From the perspective of Russia's imports and exports, the top ten export commodities all amounted to tens of billions of dollars to hundreds of billions of dollars, covering oil, gas and metals; while the top ten imported commodities, food, clothing and use, exceeded 10 billion US dollars.

　　The report emphasizes that sanctions against Russia are not helpful to solve the problem, but have a serious negative impact on the world, Europe and Russia.

Global inflation, supply chain shocks and a slowing economic recovery are all effects of the US-Russian sanctions on the world.

The Organization for Economic Co-operation and Development (OECD) forecasts that the world economy will drop by 1 percentage point this year due to the conflict between Russia and Ukraine, while inflation will rise by 2.5 percentage points.

Soaring gas prices, Europe faces a cold winter and high gas prices, and Russia’s GDP is expected to suffer in 2022.

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