Magazine: US weapon of choice is no longer effective

WORLD, Dec. 29 (YPA) – The era of US economic sanctions is coming to an end, as many countries in the world, primarily Russia and China, have developed effective measures to thwart them, Foreign Affairs Magazine reported.

According to the magazine, the United States’ “preferred economic weapon” is no longer effective.

“The impunity in the use of punitive measures by Washington has created resistance among the countries of the world, ” the magazine said.

Moscow and Beijing have taken effective measures to thwart the restrictions, notably the development of a mechanism for swaping bilateral currencies, allowing for the elimination of the dollar, the development of special payment systems and the gradual use of digital currencies.

The emergence of a fragmented economic and financial map poses a serious threat to US diplomacy and national security.

The emergence of financial channels immune from sanctions means not only undermining sanctions policy, but also white spots for the United States when trying to track illegal global activities, especially since tracking suspicious financial transactions or those passing through certain countries is vital in the fight against terrorism.

E.M