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VisualPolitik EN published this video item, entitled “Is Ukraine Endangering the Dominance of the US Dollar? – VisualPolitik EN” – below is their description.
For decades the dollar has dominated world markets to become the backbone of the international capitalist system. Now, however, Russia’s invasion of Ukraine and the resulting sanctions against Vladimir Putin’s regime may have breached the dollar’s dominance. That, at least, is what many experts think.
In this new video made in collaboration with Value School, we tell you what role the dollar plays in the global economy and what risks the war in Ukraine has posed to its dominance.
VisualPolitik EN YouTube Channel
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About This Source - VisualPolitik EN
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Vladimir Vladimirovich Putin is a Russian politician and a former officer of the KGB who has served as President of Russia since 2012, previously holding the position from 1999 until 2008. He was also the Prime Minister of Russia from 1999 to 2000 and again from 2008 to 2012.
Russia, or the Russian Federation, is a transcontinental country located in Eastern Europe and Northern Asia. It extends from the Baltic Sea in the west to the Pacific Ocean in the east, and from the Arctic Ocean in the north to the Black Sea and the Caspian Sea in the south.
Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.
The Soviet Union was dissolved in 1991 and since 1993 Russia been governed as a federal semi-presidential republic. Russia is a major great power, with the world’s second-most powerful military, and the fourth-highest military expenditure. As a recognised nuclear-weapon state, the country possesses the world’s largest stockpile of nuclear weapons.
Ukraine is a large country in Eastern Europe known for its Orthodox churches, Black Sea coastline and forested mountains. Its capital, Kiev, features the gold-domed St. Sophia’s Cathedral, with 11th-century mosaics and frescoes. Overlooking the Dnieper River is the Kiev Pechersk Lavra monastery complex, a Christian pilgrimage site housing Scythian tomb relics and catacombs containing mummified Orthodox monks.
Vladimir Putin is a Russian politician and a former intelligence officer who has served as President of Russia since 2012, previously being in the office from 1999 until 2008. He was also Prime Minister of Russia from 1999 to 2000 and again from 2008 to 2012.