Sanctions are the only weapon the US can use against Russia

Sanctions are the only weapon the US can use against Russia

 The United States is now feeling the impact of the economic sanctions they have imposed with NATO on Russia, those sanctions are now reversing. Washington's sanctions against Moscow are forcing other countries to cut their investments in the US for fear of becoming the next target. This analysis was presented by billionaire hedge fund manager Ray Dalio in an interview with the German newspaper Der Spiegel as reported by Russia Today. 

When asked about anti-Russian sanctions, the founder of the world's largest hedge fund Bridgewater Associates said the measures failed, but that there were no other options available to Washington. “Sanctions are the only weapon the US can use. So far, Russia's gross domestic product has decreased by about 15%. 

This is passable for the population. Putin will only find it difficult to stay in power if the economy collapses further, say 40 percent," Dalio said. He argues that while failing to achieve their immediate goal of limiting Russia's ability to fight a war in Ukraine, sanctions are also hurting the US. “I can tell you with certainty that the West is also suffering from sanctions. 

More and more other countries are releasing US government bonds because they fear they will end up like Russia. This shifts the balance of power around the world."
Dalio hopes the Russo-Ukrainian conflict will bring dramatic changes to the whole world. “Everything is reminiscent of 1938 and 1939, when the world was on the brink of World War II: the two world powers faced each other and were supported by different allies. How India behaves will be decisive. 

The country could support the Russian economy if the West boycotted Moscow. After all, the era of a globalized world with minimal trade barriers and free capital flows is over,” he concluded.

Next Post Previous Post
Update cookies preferences