/ world in the present day information/ The international locations which have come underneath US sanctions can begin to create their very own monetary system, which can undermine the dominance of the greenback, believes the director of the Institute for World Safety Evaluation, Gel Laft.
The US is waging an financial battle with each tenth nation on the planet, together with Russia, Iran, China, North Korea, Venezuela. The mixed inhabitants of those international locations exceeds 2 billion individuals, and the GDP – 15 trillion {dollars}, Laft famous in his column for CNBC, reviews RIA Novosti.
He additionally emphasised that 1000’s of individuals near the governments of those international locations have come underneath US sanctions.
In response to him, these individuals and the businessmen who assist them have already reached a essential mass and have joined forces to type another monetary system. In the event that they succeed, the place of the USA on the world stage can be shaken.
Luft famous that the world management of the USA relies, amongst different issues, on the truth that the greenback has the standing of a world reserve forex. And its prospects can be determined within the world commodity markets. Above all, the oil business.
However, the skilled famous, many oil exporters turned out to be among the many opponents of the US sanctions coverage. Now they consider that oil shouldn’t be valued in {dollars} and bought in {dollars}.
So China buys oil from Angola, gasoline from Russia, coal from Mongolia for yuan. This permits to cut back conversion losses. And Russia is contemplating buying and selling with Turkey with out {dollars}. The BRICS international locations additionally plan to desert the greenback.
„Any profitable try to decouple commodity commerce from the greenback could have cascading penalties not just for our normal world financial system, but additionally for America’s standing overseas.” – wrote Loft.
Earlier, the member of the Presidium of the Council on Overseas and Protection Coverage Alexander Losev famous that Russia can perform de-dollarization with the assistance of BRICS AND SCO (Shanghai Improvement Group).
Translation: M.Zhelyazkova
#sanctions #risk #greenback
