RT by @mikenov: RT by @mikenov: The New York Times writes that the US government is caught between expanding sanctions on Russia and protecting the global dominance of the dollar. Washington fears that excessive reliance on financial sanctions could push Russia and other targeted states towards alternatives such as the Chinese yuan. Treasury Secretary Scott Bessent believes that sanctions work best when they are targeted and tied to clear deadlines, warning that measures left in place for years without changing behaviour can produce unpredictable long-term consequences. The debate comes as Congress considers legislation imposing mandatory sanctions on Russian officials and companies, as well

The New York Times writes that the US government is caught between expanding sanctions on Russia and protecting the global dominance of the dollar.

Washington fears that excessive reliance on financial sanctions could push Russia and other targeted states towards alternatives such as the Chinese yuan. Treasury Secretary Scott Bessent believes that sanctions work best when they are targeted and tied to clear deadlines, warning that measures left in place for years without changing behaviour can produce unpredictable long-term consequences.

The debate comes as Congress considers legislation imposing mandatory sanctions on Russian officials and companies, as well as tariffs of up to 100% on major buyers of Russian energy.

— @BrianMcDonaldIE Jul 18, 2026