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    Revealed the consequences of the strengthening of the dollar

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    Sofya Glavina, Head of the Digital Economy Program at the RUDN Institute of World Economy and Business, said that the strengthening of the dollar will affect the entire global financial system. She told about this in an interview with the Prime agency.

    Glavina revealed the consequences of the strengthening of the dollar and stated that this trend would not affect the ruble. Due to the mutual imposition of sanctions by the West and Russia, the country’s financial market has become independent of the global one. According to the economist, the US currency may weaken due to mistrust that arose after the blocking of Russian assets in the West.

    The specialist suggested that the strengthening of the dollar would negatively affect the countries of the European Union, most Latin America. The Persian Gulf states, Taiwan, South Korea, Japan, which act as exporters, will become an exception.

    “The situation with India and China is unclear. Perhaps their currencies will hold out, as in the current economic and political situation they are in a better position than Western Europe and the United States,” concluded Glavina.

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