In the first round, Europe and the United States imposed personal sanctions and travel restrictions on senior Russian officials and politicians and oligarchs affiliated with the Tsar. Russia immediately opposed sanctions. But it doesn't mean much. To put it bluntly, who has nothing to do to go to Russia?

After that, the financial sanctions imposed by Europe and the United States on Russia became a reality, and the bear felt pain. The US dollar is still the oil settlement currency, while Russia's foreign exchange reserves are only 654.38+00 billion US dollars, including 20 billion US dollars of state funds and 60 billion US dollars of welfare funds, which is less than 200 billion US dollars. Without banking and financial services in Europe, America and the West, Russia's oil export settlement will be in big trouble. In addition, it is also a great blow to Russia's foreign trade. Since most countries that trade with Russia, including China, don't accept financial means such as guarantees and letters of credit from Russian banks, in the past, Russia could only rely on banks and financial institutions in Europe or the United States to provide guarantees (such as issuing letters of credit) or even collect money. At present, due to the consistent financial sanctions in Europe and America, no European or American bank is providing financial services to Russia. Russian foreign trade is struggling, and most of them can't go on. In addition, Europe and the United States prohibit Russia's energy, raw materials and military industries from financing in the European and American capital markets. The plans of several large Russian oil companies to issue bonds failed. However, the financing failure caused the repayment and interest crisis of their foreign debts due. The credit rating has been lowered again and again. In addition, the Russian oil and gas industry has long relied on European and American technologies and equipment. After the sanctions, Russia's ambitious Arctic oil and gas development project basically died. Because it is impossible to develop oil and gas resources in this area with Russian own technology and equipment. Russia's response to financial and technical sanctions in Europe and the United States is nothing more than banning the import of agricultural products and food from Europe and the United States. However, Russia is not self-sufficient in this respect. Cheap food from Europe and America accounts for 40% of Russia's demand, and other daily necessities account for 49%. It can be said that for a long time, sufficient and cheap supply in Europe and America has played a significant positive role in stabilizing Russian prices and curbing its domestic inflation. Once imports are banned, prices and inflation in Russia will rise immediately.

Now this round of falling oil prices and the devaluation of the ruble have completely stopped Russia from cursing.

In 20 12, Russia also confidently announced that it would reach the per capita income level of moderately developed European countries such as Belgium and the Netherlands in 2030. However, there are two prerequisites to realize this vision: First, the oil price will be stable at $65,438+020/barrel in 2065,438+06, and will not be lower than $65,438+000/barrel before 2020, but the domestic inflation rate will remain at the level between 2009 and 2065,438+065,438+0.

Now, Russia's abacus has failed. Not to mention reaching the income level of any moderately developed country, I am afraid it is impossible to even maintain fiscal revenue and expenditure. Perhaps, from 1999 to 2009, all the money earned from high oil prices will become a passing god of wealth and spit it out. Ten years later, Huang Liang woke up and completely returned to the original point.