Business & MarketsBusiness Columnists

Biden’s Weaponizing of Dollar Against Russia Has Backfired

Save
Biden’s Weaponizing of Dollar Against Russia Has Backfired
New $100 bills stacked at the U.S. Bureau of Engraving and Printing's Western Currency Facility in Fort Worth, Texas, on Oct. 11, 2013. Brendan Smialowski/AFP via Getty Images
J.G. Collins
Updated:
0:00
Commentary

In the full panoply of the Biden administration’s foreign policy errors and gaffes, perhaps none was so stupid as its failed attempt to weaponize the dollar—the world’s reserve currency—against Russia for its invasion of Ukraine.

J.G. Collins
J.G. Collins
Author
J.G. Collins is managing director of the Stuyvesant Square Consultancy, a strategic advisory, market survey, and consulting firm in New York. His writings on economics, trade, politics, and public policy have appeared in Forbes, the New York Post, Crain’s New York Business, The Hill, The American Conservative, and other publications.
Related Topics