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New US Russia Sanctions Bill Raises Fears Over Dollar's Global Role
The Trump administration is advancing a bill that broadens sanctions against Russia, but critics warn that aggressive sanctions policy may accelerate efforts by adversaries to develop alternatives to the US dollar in international trade. The administration has simultaneously sought to scale back some existing sanctions amid fears that overuse could erode dollar supremacy. The bill reignites a broader debate about the long-term effectiveness of sanctions as a foreign policy tool.
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