The IMF has acknowledged that anti-Russian sanctions are hitting the dollar

Anti-Russian sanctions will shake the impact of the dollar, according to the IMF
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Sanctions against Russia in general and the Urals in particular

Unprecedented economic sanctions against Russia will weaken the dollar’s position as a leading currency. This was stated in an interview with the Financial Times by top manager of the International Monetary Fund Gita Gopinat.

“Countries tend to accumulate reserves in currencies that they trade with the rest of the world and that they borrow from the rest of the world. So you can see some slow trends that other currencies are playing a big role [в резервных активах]”, – says Gopinat.

Earlier, the dollar began to fall sharply in the foreign exchange market after Russian President Vladimir Putin’s decision to export gas in rubles. Later, the euro returned to pre-sanction levels, and the dollar accelerated to 82.54 rubles. The return of stable positions of the ruble is confirmed in the United States: the American investor Adam Townsend said that the Russian currency has recovered from the effects of sanctions.

Western countries have begun to impose large-scale anti-Russian sanctions as a sign of disagreement with Russia’s special operation in Ukraine. According to President Vladimir Putin, the purpose of these restrictions is the abolition of Russia as a state, as well as the complete destruction of the country’s economy. However, according to Russian authorities, the restrictions have a negative effect on Western countries themselves.

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Unprecedented economic sanctions against Russia will weaken the dollar’s position as a leading currency. This was stated in an interview with the Financial Times by top manager of the International Monetary Fund Gita Gopinat. “Countries tend to accumulate reserves in currencies that they trade with the rest of the world and that they borrow from the rest of the world. So you can see some slow trends that other currencies are playing a big role [в резервных активах]”, – says Gopinat. Earlier, the dollar began to fall sharply in the foreign exchange market after Russian President Vladimir Putin’s decision to export gas in rubles. Later, the euro returned to pre-sanction levels, and the dollar accelerated to 82.54 rubles. The return of stable positions of the ruble is confirmed in the United States: the American investor Adam Townsend said that the Russian currency has recovered from the effects of sanctions. Western countries have begun to impose large-scale anti-Russian sanctions as a sign of disagreement with Russia’s special operation in Ukraine. According to President Vladimir Putin, the purpose of these restrictions is the abolition of Russia as a state, as well as the complete destruction of the country’s economy. However, according to Russian authorities, the restrictions have a negative effect on Western countries themselves.

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