Vyacheslav Volodin
US sanctions against Russia have not worked, they hit the Americans themselves and lead to the fact that confidence in the dollar is falling. This was written by the speaker of the State Duma Vyacheslav Volodin in his Telegram channel.
“Washington’s plan failed. “Infernal” sanctions did not work. They hoped to collapse the economy, paralyze the banking system of Russia. It didn’t work out,” Volodin said.
He recalled that the US Treasury banned Russia from paying the national debt from frozen dollar reserves. Volodin said that the country has the money to fulfill its obligations in full, even under sanctions.
Meanwhile, restrictions from the United States undermine confidence in the dollar, the speaker noted. “Anyone who keeps money in dollars today can no longer be sure that the US will not steal his money,” he said and predicted the end of the currency monopoly in the world.
At the end of March, the First Deputy Managing Director of the International Monetary Fund (IMF), Gita Gopinath, spoke about the threat of a weakening of the dollar. She noted that sanctions against Russia and the Central Bank in particular may lead to the emergence of small currency blocks when some countries reconsider the use of currency in trade payments.
The United States has imposed unprecedented sanctions against Russia against the background of the military operation in Ukraine. VTB banks, Otkritie FC Bank (owned by the Bank of Russia), Novikombank, Sovcombank and Sberbank fell under the restrictions. The United States has imposed sectoral sanctions against Credit Bank of Moscow, Alfa-Bank, Sovcomflot, Russian Railways, ALROSA, Gazprom, Rostelecom and RusHydro. They also banned the export of high technologies.
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On March 8, the country banned the import of Russian energy carriers, which caused fuel prices to increase sharply. Later, the US leadership announced that it would ask the countries with the largest oil reserves to release reserves.
Later, the country imposed sanctions against 21 Russian companies, including electronics manufacturers. The list also includes 13 individuals. On the eve of The Wall Street Journal reported that on April 6, the United States will impose additional sanctions against Sberbank and Alfa-Bank. The White House pointed to future sanctions against members of the Russian government, financial institutions and state-owned enterprises, and a ban on investments.
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