Dr. Abdullah bin Musa Al Tayer
Another call between the US and Russian presidents on New Year’s Eve, and the US threat of sanctions, to the level of provocation, if Russia invades Ukraine’s border. The Western discourse on Russian-Ukrainian affairs reminds me of the 1990 accusations against the US ambassador to Iraq, April Galsby, for giving the green light to Saddam Hussein to invade Kuwait. The West is pushing Russia to annex Ukraine in return for unprecedented economic sanctions.
Contrary to Western messages it upsets Ukraine, as it promises that Russia’s invasion of it is a threat to the interests and alliances of the European Union, and the US, as it demands NATO membership, and military withdrawal from Europe and the West. Expects a response, not just economic sanctions. At a time when Europe and the US do not promise to exceed sanctions, Ukraine is horrified by the exaggeration of the Russian threat, and White House contacts with the Russians show an imminent threat, as if they are going last-minute to stop an invasion. are communications. , and in return for this existential threat, it threatens only with restrictions, that is, the camel churns out and gives birth to a mouse. And because Ukrainians do not rely on a strong corner, they have a degree of objectivity, and do not tend to rise.
In this context, the Secretary of the National Security Council of Ukraine said that Kiev is concerned about Russian forces, but not intimidated, emphasizing that Russian military masses are present in foreign media beyond their country’s borders. .
In Ukraine’s footsteps, Russia is practicing peace, and President Putin is aware of the traps set by the Americans, and will never even think of invading Ukraine, because he knows for certain that any military negligence Will justify the US and the West for a military response and for destroying everything Russia has built since the fall of the Soviet Union to drive the country out. The zone of conflict is on China’s side, not Ukraine’s victory.
And yet, the dollar remains the most lit weapon in America’s arsenal, and it is the one with which China, Iran, Cuba, Venezuela, North Korea, and every country outside US rules are punished. Used to be. The special status of the dollar gives the US unparalleled sanctioning power, as the dollar is a requirement for multinational corporations and financial institutions. No one can underestimate the strength of the dollar, and the ability of the United States to defend it and maintain its strength. According to experts, the dollar represents 62 per cent of foreign exchange reserves, 88 per cent of foreign exchange transactions and 40 per cent of international payments and about 50 per cent of global trade bills in dollars. This great influence of the US currency makes it a destructive weapon for countries’ economies, corporate operations and personal savings if it is used against any of them. However, this neither persuades nor encourages Ukraine to harass Russia.
The strengthening of the US dollar was formed after the Bretton Woods Conference in 1944, but was confirmed by turning the US into a storehouse for the world’s monetary reserves, and with the dollar being the main currency for selling oil, which raises questions about factors. of acquired power and whether the dollar’s excessive growth could take away its strength factors. If OPEC+ countries, under pressure from Russia, Iran and Venezuela, for example, decided to sell oil in a basket of currencies other than the dollar, it would be disastrous for the dollar’s strength, and to declare war on the US. will be similar to. , which means that such a move is excluded at the present time. But what if China decides to hurt dollar sentiment by withdrawing its investment in US debt estimated at more than a trillion dollars, it will undoubtedly hurt this global currency, thus scaring the first creditor on the list. Will give The number of creditors to the US, which is Japan, and then the rest of the countries that account for a substantial portion of the US public debt, is estimated at 22 trillion.
There is no doubt that China and Russia are thinking seriously, and with them many international companies looking for alternatives, but they realize that the road is long, and the strength of the US dollar is not only economic but also political and Backed by large global financial institutions such as banks and the International Monetary Fund. The United States will eventually turn to alternatives to using the dollar as a weapon to punish those who keep its rules in regulating world affairs.
Ukraine doesn’t care about any force to punish Russia, it wants the US to promise to defend it militarily, and Russia, despite its many attempts to neutralize the dollar’s strength, still obeys. It is a lethal weapon and seriously damages its economy. In the end, the dollar is the platform’s armed tool, whether in the face of Russia or others, and it doesn’t appear that the US is worried about it being damaged, and it doesn’t appear that those affected by it have so far protective of its shrapnel. slope from
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