"The dollar suffered a stunning collapse in 2022 in its market share as a reserve currency, presumably due to its muscular use of sanctions," says CEO and co-CIO of Eurizon SLJ Capital.
"I used to trust the EU because it has always played an important role as a balancing force and has never directly participated in wars," President Lula said. "However, the EU is directly involved in this conflict."
France's Macron hopes to establish a framework for future negotiations and has tasked his foreign policy adviser, Emmanuel Bonne, to work with China's top diplomat, Wang Yi.
"The Biden-Harris Administration will announce a new security assistance package for Ukraine as part of our ongoing efforts to help Ukraine defend itself against Russia's brutal invasion," said White House Press Secretary Karine Jean-Pierre.
"There is risk when we use financial sanctions that are linked to the role of the dollar that over time it could undermine the hegemony of the dollar," Yellen said, adding that implementing sanctions against Russia "does create a desire on the part of China, of Russia, of Iran to find an alternative."
U.S. military presence at the Kyiv embassy underscores American involvement in Ukraine, providing security and assisting with accountability of materials.
