14.03.2023, 08:40
In the US, the consequences of anti-Russian sanctions were revealed
Source: OREANDA-NEWS
OREANDA-NEWS As a result of the introduction of anti-Russian sanctions, many countries are abandoning the dollar. This was stated by columnist Jay Newman in an article for the New York Post.
Newman revealed the consequences of anti-Russian sanctions and stressed that abandoning the dollar threatens its collapse and a debt crisis in the United States. "The era when it was possible to print an unlimited number of dollars may come to an end, and with it, our ability to buy foreign goods cheaply will remain in the past," he stressed.
According to the author of NYP, more than 100 countries refused to impose sanctions against Russia, which led to the emergence of economic coalitions using other currencies to make transactions. He also called the idea that there is no alternative to the dollar erroneous. As a result of trading using national currencies, the demand for the dollar falls, as does its value, which leads to higher prices.
Newman called on the United States to reduce the number of strategic adversaries and "once and for all to restore order in its own economy."
Earlier, the Associated Press reported that the United States decided to tighten sanctions against the Russian economy. In particular, US agencies will expand restrictions on persons who help Russians evade restrictions.
Newman revealed the consequences of anti-Russian sanctions and stressed that abandoning the dollar threatens its collapse and a debt crisis in the United States. "The era when it was possible to print an unlimited number of dollars may come to an end, and with it, our ability to buy foreign goods cheaply will remain in the past," he stressed.
According to the author of NYP, more than 100 countries refused to impose sanctions against Russia, which led to the emergence of economic coalitions using other currencies to make transactions. He also called the idea that there is no alternative to the dollar erroneous. As a result of trading using national currencies, the demand for the dollar falls, as does its value, which leads to higher prices.
Newman called on the United States to reduce the number of strategic adversaries and "once and for all to restore order in its own economy."
Earlier, the Associated Press reported that the United States decided to tighten sanctions against the Russian economy. In particular, US agencies will expand restrictions on persons who help Russians evade restrictions.
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