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Canada's PM says Russia sanctions are weakening the US dollar
Original: Санкції проти Росії мають ціну: прем'єр Канади про послаблення долара Глава уряду Канади Марк Карні вважає, що після бло
Canadian Prime Minister Mark Carney says sanctions against Russia have come at a cost to the United States. After the freezing of Russia's central bank reserves, he argues, countries worldwide began moving away from the American currency faster, having seen that their reserves could similarly be frozen. His comments highlight the debate over the dollar's global dominance and the consequences of using financial sanctions.
Why now: The Canadian prime minister's remarks touch on fears that Western sanctions are eroding trust in the US dollar as the world's reserve currency.
Mark CarneyCanadaUnited StatesRussiaUS dollar
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