Photo: Global Look Press
Economic War on Russia may lead to the loss of financial influence on the planet by the United States. The Washington Post journalist Farid Zakaria warns against this.
The columnist notes that the US is fighting the global economic battle alone, relying on the unique status of the dollar. At the same time, China, India, Indonesia and the Gulf states are trying to break free from US currency controls and “flee away from Washington's far-reaching economic power.”
According to the journalist, Joe Biden must provide guarantees to his partners that economic levers – sanctions – are now being used only because of an “unprecedented challenge” by Russia. Under normal circumstances, they should not be used
Zakaria also concludes that the consequences of a global economic war against Russia will be felt for several decades. “The risks of a new economic war are not yet nuclear, but already sky-high – even for the United States,” the journalist concluded.