China News Service, February 24. According to Singapore's Lianhe Zaobao, since Russian President Vladimir Putin signed an order to recognize the "Donetsk People's Republic" and "Luhansk People's Republic" in eastern Ukraine, Western countries have successively announced their commitment to Russia. Sanctions measures, but experts believe that the sanction action is a little loud and rainy, and the impact on Russia and Western countries is limited at this stage.

　　The report quoted Ashurst International Law Firm (Ashurst), a lawyer familiar with economic sanctions, as saying that in addition to Germany's interruption of the certification review of the "North Stream-2" natural gas pipeline project, other sanctions have avoided the energy sector. Mainly for the Russian financial sector.

Data map: The pipeline of the "Beixi-2" natural gas pipeline project landing facility.

　　Dorgens said the sanctions have not yet reached the point of hurting Russia, as countries are still defending Europe's economic interests.

　　According to reports, "Nord Stream-2" is an important energy umbilical between Russia and Europe, but this 1,200-kilometer-long natural gas pipeline has not yet started gas transmission, and the interruption of certification audit is a symbolic sanction at this stage.

　　For the EU, sanctions on the Russian energy sector must be well thought out, as the EU imports 40% of its natural gas from Russia.

While Europe can withstand the shock of the absence of Russian gas in the coming months, it could still cause serious economic turmoil in the long run.

Although the United States and other countries have promised to increase gas supply to Europe, they cannot significantly increase gas supply in a short period of time.

　　Russia is a major exporter of energy, minerals and wheat, and rising prices for those commodities will ultimately be borne by consumers, and inflation has been a headache for European and American policymakers.

Data map: A supermarket in the United States.

Photo by China News Agency reporter Sha Hanting

　　Russia announced that it recognized Donetsk and Luhansk in eastern Ukraine as "independent states" and sent troops to carry out peacekeeping missions there. The United States, the European Union and the United Kingdom immediately announced sanctions on many Russian banks and high-net-worth individuals.

　　The report pointed out that this round of sanctions is aimed at curbing the financing of Russian financial institutions in the international financial market, putting pressure on the value of the ruble and weakening the purchasing power of Russians.

　　Sanctions on Russian banks have limited impact on Western financial institutions, with only a handful of banks such as Italy's UniCredit, Austria's Raiffeisen and France's Societe Generale operating in Russia, a senior European Central Bank official said. There is business.

　　Dorgens also said that a lot of Russian capital has already been remitted abroad to prevent sanctions, and that freezing the assets of high-net-worth individuals has limited impact on the Russian economy.

　　In the face of doubts about the sanctions policy, the White House explained to the public that this round of sanctions is only the beginning, and the effect of sanctions will gradually increase over time.

The Biden administration also believes that Moscow will further attack Ukraine within a day or two, with more sanctions to follow.