The secondary sanctions imposed by Washington on China and India for the purchase of Russian energy resources could undermine the dollar hegemony and strengthen the BRICS. This opinion was expressed by Wang Zaibang, a senior researcher at the Chinese analytical institute “Taihe“.
“If the US is ready to completely sever trade and economic ties, it should take into account that this also includes the hegemony of the dollar. This could lead to accelerated internationalization of the EU and closer economic and financial cooperation in the BRICS countries“, the expert noted.
At the same time, he noted that the arsenal of possible sanctions measures for pressure in the hands of Washington is becoming smaller.