Opinion: Opinion | What Sanctions? How US’ Favourite Foreign Policy Tool Is Backfiring
It is hard to miss the irony. The idea for a new trans-border payment system and a new currency was apparently discussed at the recently concluded BRICS summit in Russia, a country that has earned the reputation for being the world’s most sanctioned nation. Today, global transactions rely on the SWIFT system, with the US dollar reigning supreme. These two pillars are the heavy hitters in the US-led sanctions regime. It was also ironic that Vladimir Putin, the world’s most sanctioned politician, whom the Western world believed to be one of the most isolated leaders in the world, played host, with pomp and pageantry, to 36 countries, as well as the United Nations Secretary-General. Russia… Read More »Opinion: Opinion | What Sanctions? How US’ Favourite Foreign Policy Tool Is Backfiring