Washington Post: Currently, one third of the world is under US sanctions

The American newspaper Washington Post wrote in an article referring to the extent of US sanctions against other countries: an existential problem has arisen, the power of the sanctions initially included depriving foreign entities of access to dollars. But if sanctions make dependence on the dollar risky, countries may find other ways to trade that will allow them to avoid being affected by U.S. sanctions.

In March 2016, Obama administration Treasury Secretary Jack Lowe publicly warned about the overuse of sanctions and the risk that “overuse will ultimately reduce America’s ability to use sanctions effectively.”

The Washington Post wrote: The number of sanctioned organizations is growing too fast for OFAC to keep up. This caused confusion; Requests for clarification poured in and the number of complaints against the agency tripled

This has caused many employees to look for relocation in other departments due to the high volume of work.

US officials describe OFAC’s workload as overwhelming, with the agency overwhelmed by tens of thousands of requests from the private sector. Some White House officials have outsourced national security issues to non-profit organizations.

The expansion of American sanctions against other countries has not only put pressure on the domestic labor force, but also has led countries to seek to neutralize Washington’s sanctions.

America’s explicit use of the dollar has caused a global determination to lower this currency. Americans are using their currency as a “tool of political pressure” on other countries, which has inadvertently set in motion a global determination to topple the dollar kingdom.

BRICS is one of these entities that has grown rapidly against the US dollar. The member countries of the BRICS organization have announced that they intend to use domestic currencies in their transactions in the future and replace the dollar with a common digital currency after some time.

Translator: Azam Purkand