It all started with the Russian-Ukrainian war, which began two years ago.
It was a war between the Western world led by the United States and Russia, and Ukraine was just a stand-in, although it was awkwardly used, but it still struggled to resist for two years. There are two aspects of support for Ukraine, on the one hand, financial and ** support, including the support of some fighters, and on the other hand, the reverse support brought about by sanctions against Russia.
Here I will only talk about sanctions against Russia, especially the part on financial sanctions. As soon as the war began, the Western world, led by the United States, began to impose multifaceted sanctions against Russia on the grounds of opposing aggression. The financial aspects include, first, freezing Russia's financial assets abroad, not allowing your funds to flow; the second is not to allow other countries to provide you with credit support; The third is to use SWIFT as a big killer weapon to prevent Russia from having financial exchanges with the outside world.
After a few things, Russia did have a lot of influence at the beginning, but it slowly eased up, after all, if there is goods to sell, someone will buy it, and if you want to buy it, someone will sell it, as long as it is appropriate. Finance is only an intermediary, and it is impossible to limit all **. As a result, the Western world, led by the United States, has thought of the method of second-level sanctions, and as long as it finds that there are prohibited ** financial exchanges with Russia, it will impose the same second-level sanctions on these countries.
Against this backdrop, China's three major state-owned banks, including the former Hangzhou Chouzhou Bank, have begun to respond cautiously. After all, if the game is really sanctioned by the second level, the damage may be far greater than the benefit. Everything has nothing to do with politics, it's all about economic accounting, but behind everything is about politics, and there is no way to do it.
From here, we can also see that we still have lingering fears about the financial sanctions in the Western world, especially the SWIFT system, the vast majority of the world's financial ** have to rely on this, if it is really kicked out, the damage is still great, at least far more ruthless than the war and tariffs.
This second-level sanction will further hit Russia, after all, the second way to bypass SWIFT to participate in financial exchanges with Russia has also been blocked, and it is still unclear how it will evolve in the future. The Russian-Ukrainian war is becoming more and more unfavorable to Ukraine, but this year, the United States must not let Ukraine be defeated, otherwise it will be difficult to end. But if Russia is pressed, it will also counteract the multi-party sanctions of the United States. In that case, the conflict between the two sides will intensify again, and it will be difficult to end.