An American billionaire reveals the repercussions of sanctions imposed against Russia on America and the West

Berlin-Sana

American businessman and billionaire Ray Dalio acknowledged that sanctions against Russia have caused great harm to the United States and the West and worsened Washington's position in international politics.

"The West suffers from the sanctions it imposed itself on Russia, and many countries are seeking to get rid of US government bonds because they fear that they will be treated in the same way they were treated with Russia, and this changes the balance of power around the world," Dalio told the German magazine Der Spiegel.

Dalio, the founder of Bridgewater Investment Company and one of the largest hedge funds in the world, considered that the US and Western sanctions against Moscow have weakened Washington's position in international politics due to the reaction of other countries that have become afraid to invest in US securities and bonds.

Dalio considered that although economic sanctions may be the only available weapon that Washington can use against Russia, the truth remains that the anti-Moscow measures are ineffective and did not achieve their goals.

And Deputy Assistant Secretary of State Eric Woodhouse recently acknowledged that the sanctions imposed by his country against Russia have negative effects on the American economy, noting that Washington "realized that sanctions against Moscow will have a price and side effects on the countries that imposed them."

After Russia launched a special operation to protect Donbass, Western countries imposed wide-ranging sanctions against Moscow, and this turned into economic problems for the United States, Britain and the European Union, which included a sharp rise in fuel and food prices and inflation in the economies of these countries.

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