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US expert reveals consequences of anti-Russian sanctions

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US expert reveals consequences of anti-Russian sanctions

Anti-Russian sanctions have been imposed for a long time and some experts start to evaluate their effect on the Russian economy. Most of them believe that restrictions have failed to achieve their primary goal. According to New York Post’s columnist Jay Newman, the imposed bans backfire on the US. The expert reported that the anti-Russian sanctions have put pressure on the US national currency since Russia refrained from USD. This may lead to a collapse of the US dollar 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," the expert stressed. According to the columnist of NYP, more than 100 countries refused to impose sanctions against Russia. As a result, economic coalitions emerged and started to avoid using the US dollar to make transactions. Jay Newman also calls the idea that there is no alternative to the greenback erroneous. The demand for the dollar declines as does its value. Newman urged the US government to reduce the number of strategic adversaries and "once and for all to restore order in its own economy." Meanwhile, the White House continues to pretend that the situation is under control and is preparing to tighten sanctions against Russia. In particular, US agencies will expand sanctions on individuals who help Russians evade restrictions.

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