Volodin said that “hellish” US sanctions are hitting the Americans themselves

Vyacheslav Volodin

US sanctions against Russia did not work, they hit the Americans themselves and lead to the fact that confidence in the dollar is falling. State Duma Speaker Vyacheslav Volodin wrote about this in his Telegram channel.

“Washington's plan failed. “Infernal” the sanctions didn't work. They expected to collapse the economy, paralyze the banking system of Russia. Didn't work, — said Volodin.

He recalled that the US Treasury forbade Russia to pay the public debt from the frozen dollar reserves. Volodin said that the country has the money to fulfill its obligations in full even under the 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 United States will not steal his money,” he said and predicted the end of the monopoly of the currency in the world.

At the end of March, Gita Gopinath, First Deputy Managing Director of the International Monetary Fund (IMF), spoke about the threat of a weakening dollar. She noted that sanctions against Russia and the Central Bank in particular could 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 in the wake of the military operation in Ukraine. VTB banks, FC Otkrytiye bank; (owned by the Bank of Russia), Novikombank, Sovcombank and Sberbank. The United States imposed sectoral sanctions against Moscow Credit Bank, Alfa-Bank, Sovcomflot, Russian Railways, ALROSA, Gazprom, Rostelecom and RusHydro. They also banned the export of high technology.

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On March 8, the country banned the import of Russian energy products, which caused fuel prices to rise sharply. Later, the US leadership said 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 included 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, a ban on investments.

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