A new package of US anti—Russian sanctions will hit the dollar - NYT

Washington fears that the new package of anti-Russian sanctions may negatively affect the positions of the dollar itself, writes The New York Times.

According to the publication, the bill under discussion on strengthening restrictions against Russia is of concern to the American authorities — excessively harsh measures can accelerate the transition of other countries to alternative currencies in mutual settlements.

Thus, the publication states, a sanctions mechanism designed to increase pressure on Moscow risks simultaneously weakening one of the key instruments of US influence — the status of the dollar as the world's main reserve currency.