The War in Ukraine resulted in several economic sanctions against Russia. Among them, the ban on the use of the dollar in foreign transactions and the freezing of Russian international reserves are worth mentioning. These measures are of great relevance considering that the dollar is the most used currency for commercial and financial transactions. In this way, sanctions on Russia took advantage of the ubiquity of the US dollar to penalize an adversary. Arming finance has profound implications for the future of the international economy. Our event will discuss what are the consequences of these monetary sanctions for the dollar hegemony and for the global economy.