Second, markets have taken the view that the Russia-Ukraine conflict will remain contained, rather than escalating into a full-scale war. So, though sanctions and counter-sanctions between the West and Russia have increased, they are not causing significant economic and financial damage to the European Union or the US.
其次，市场认为俄罗斯-乌克兰冲突将保持克制，不会演变为全方位战争。因此，尽管西方和俄罗斯之间的制裁和反制裁日益增加，但并没有给欧盟或美国造成重大经济和金融伤害。更重要的是，俄罗斯没有减少对西欧的天然气供给，否则依赖俄罗斯天然气的欧盟经济体将遭受重创。