Why the world is turning away from the US dollar
- Written by Alexandros Mandilaras, Associate professor, University of Surrey
US treasury secretary Janet Yellen.Alexandros Michailidis/ShutterstockThe invasion of Ukraine in February 2022 prompted the US Treasury Department to impose unprecedented sanctions on Russia, to hold it “accountable for its premeditated and unprovoked invasion”.
The aim was to prevent Russia from “prop[ing] up its rapidly...







