4min chapter

The Gray Area with Sean Illing cover image

The War in Ukraine, Explained — Part 2: Sanctions

The Gray Area with Sean Illing

CHAPTER

The US Abuse of Sanctions Threatens the Status of the Dollar

Only a small number of countries have signed on, percentage wise, to the us. Lead sanctions regime in russia. But those countries represent an outsize percentage of global economy. There's no replacing places like london, right in global trade when compared to chinese banks. Can china be at the centre of an alternative economic order? Maybe, but it would have to do a lot more heavy lifting than it's done.

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