A Russian rouble coin is pictured with US dollar bills and a US$1 coin in Moscow, on March 15. The dollar benefits not just the US but also its users, who create an ecosystem that entrenches its superiority. Photo: AFP
A Russian rouble coin is pictured with US dollar bills and a US$1 coin in Moscow, on March 15. The dollar benefits not just the US but also its users, who create an ecosystem that entrenches its superiority. Photo: AFP
Andrew Sheng
Opinion

Opinion

Andrew Sheng

Ukraine war: sanctions on Russia show the power of a weaponised US dollar

  • While Russia engages in physical war, the United States and its allies are engaging in a proxy war through sanctions and supplying aid to Ukraine
  • Money is at the root of all success in warfare – you fight for money, and you need money to fight

Andrew Sheng
Andrew Sheng

Updated: 2:17am, 26 Mar, 2022

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A Russian rouble coin is pictured with US dollar bills and a US$1 coin in Moscow, on March 15. The dollar benefits not just the US but also its users, who create an ecosystem that entrenches its superiority. Photo: AFP
A Russian rouble coin is pictured with US dollar bills and a US$1 coin in Moscow, on March 15. The dollar benefits not just the US but also its users, who create an ecosystem that entrenches its superiority. Photo: AFP
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