Last week, information emerged that US President-elect Donald Trump could soften or partially lift sanctions against Russia.
This could lead to a sharp collapse of the dollar, believes FinTech and DeFi entrepreneur Alexander Weiss.
The expert's opinion is provided by Bankiros.ru .
How the dollar will react to the lifting of sanctions
Weiss recalled that after Trump's victory, the United States lifted restrictions on the extraction, transportation, purchase of timber, coal, renewable energy sources and uranium isotopes until April 30 next year.
Sanctions against Russia have been largely exhausted, the entrepreneur stated.
In his opinion, if Trump eases sanctions, the Russian ruble could strengthen significantly against the dollar.
The expert noted that it is difficult to say now how much the American currency will cost in relation to the Russian one.
This, according to Weiss, will depend on the level of inflation, the dollar index, the cost of oil and the geopolitical situation in the world as a whole.
For reference
The United States dollar is the monetary unit of the United States and one of the world's major reserve currencies.
