EU sanctions against Russia are a joke.

The EU announced the fourth wave of sanctions against Russia, including the suspension of Moscow's privileged trade and economic treatment, which will have a significant impact on the Russian economy and will slow down or even lag behind the negative growth.

Economic sanctions have always been a double-edged sword, which has a great impact on Russia, but it will also have a negative impact on international financial markets, commodities and agricultural products markets, bringing fluctuations.

The risk aversion in the international financial market is rising, the stock markets in Russia and Europe and the United States may drop significantly, the international oil price and the price of rare metals are rising, and the prices of agricultural products, especially food, are rising rapidly and sharply, resulting in inflationary pressure.

It can be seen from the recent surge in oil prices that sanctions against Russia have affected the world economy. The fourth wave of EU sanctions against Russia will undoubtedly have a negative impact on the Russian economy, and will also bring adverse factors to the EU economy.