The unprecedented U.S.-led Western sanctions against Russia have been likened to economic weapons of mass destruction (WMDs) that would ultimately destroy the Russian economy. In reality, the sanctions are like a double-edged sword — they inflict pain on Russia but also impose costs on their imposers.
Why sanctions against Russia may not work
Tag: Yen
IMF Admits US Dollar Hegemony Declining, due to Rise of Chinese Yuan, Sanctions on Russia
The US-dominated International Monetary Fund warns of an “erosion of dollar dominance,” noting use of Chinese yuan in global central bank reserves is increasing, while Western sanctions on Russia could strengthen other currencies.
IMF Admits US Dollar Hegemony Declining, due to Rise of Chinese Yuan, Sanctions on Russia
Ms. Cat’s Chronicles 