The US Treasury: the introduction of the digital ruble will not affect the effectiveness of sanctions
Organizations from Russia do business with companies from around the world and most transactions are done in dollars
18.11.2021 - 10:25
256
1 min
0
.
What’s new? The US Deputy Treasury Secretary, Wally Adeyemo, told CNBC that the introduction of the digital ruble in Russia will not make US sanctions less effective.
“We believe that even if a digital ruble or other digital currencies come into place, there will still be scope for our sanctions to have an impact on their economies,” Adeyemo stated.
How did the official explain his position? According to Adeyemo, organizations from Russia do business with companies from around the world and most transactions are done in dollars. Thus, the country's economy is very dependent on this currency.
“Ultimately the thing that is going to drive the dollar’s position in the world are the decisions we make in America about investing in our economy,” Adeyemo noted.
Useful material?
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024
Market
The founder of the exchange announced his readiness for years of legal proceedings to prove the legality of its operation
Apr 11, 2024
Mining
According to Fred Thiel, this event has already been factored into the price as a result of the high demand for BTC ETFs in the United States
Apr 10, 2024
Crypto regulations
Native tokens for this amount will be placed in the Stride liquid staking protocol
Apr 8, 2024
Mining
In the run-up to the event, there was a noticeable increase in the blockchain hashrate
Apr 4, 2024