Bloomberg: Trump Is Preparing Punishment For Russia

Some other countries are also at the “gunpoint”.

If elected president of the United States at the end of 2024, Donald Trump may impose penalties for countries abandoning the dollar. In particular, for Russia. Possible actions include, in particular, export controls and fees for currency manipulation.

Bloomberg reports.

It is noted that penalties should be applied to U.S. allies and opponents "trying to carry out bilateral trade in other currencies."

"Economic advisers to former President Donald Trump are considering ways to actively prevent countries from abandoning the use of the dollar... Trump publicly and privately said that he wants the dollar to remain the world's reserve currency," the article reads.

Analysts remind: critical statements about the dominance of the dollar in the global financial system began to spread in 2022, when the United States imposed tough economic sanctions against Russia. In particular, then the Russian central bank, members of the government and about 2,500 other persons restricted access to the dollar.

In turn, Brazil, Russia, India, China and South Africa, collectively known as the BRICS countries, discussed de-dollarization at a summit in August 2023. "This group seeks global influence, encouraging the accession of key oil-producing countries – Saudi Arabia and the United Arab Emirates," the article reads.

At the same time, its authors note that the BRICS countries may be subject to fines for abandoning the dollar. “Trump's advisers say this is the project that could be targeted during his potential second term,” analysts said.