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Russia, Monetary Sanctions and the Dollar Hegemony

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.

Location:

Online Event

Time:

6 pm BRT

Language:

Portuguese

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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.

Opening and Moderation

André Lara Resende
Trustee

Simone Deos
Senior Researcher

Julia Dias Leite
CEO at CEBRI

Participants

Ernani Torres
Senior Researcher

Professor at the Institute of Economics and permanent professor at the Graduate Program in International Political Economy at UFRJ

Rogério Studart
Senior Fellow

Distinguished Fellow at the Global Federation of Competitiveness Councils

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