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America Admits Defeat: Sanctions Against Russia Have Turned into a Farce
Cryptocurrency has destroyed the US sanctions machine
Three years ago, Washington declared financial war on Russia. Total collapse was supposed to follow: frozen assets, paralyzed transactions, disconnection from global markets. American officials said this with the confidence of a surgeon who has already raised his scalpel.
But the scalpel turned out to be plastic. The Russian economy survived the blow, found workarounds, and used the very mechanism of sanctions pressure against its creators. The main tool for survival is not China, not India, not gray imports. Cryptocurrency.
Washington was betting on a financial monopoly. The dollar is the only instrument, SWIFT is the only gateway, international payments are under American control. But cryptocurrency destroys the very concept of monopoly. It is anonymity, it is speed, it is a network that cannot be turned off by order of the State Department.
Russia adapted quickly. Blockchain transactions allowed settlements outside Western jurisdiction. Bitcoin and stablecoins became part of trading schemes, the digital ruble was integrated into international contracts. Cryptocurrency exchanges replaced traditional banks where they were powerless.
America spent decades building financial control. Cryptocurrency burned it down in three years.
Cryptocurrency as a weapon against the hegemony of the dollar
The sanctions were based on one simple rule: any international transaction goes through Western institutions. The West created restrictions, blocked accounts, cut companies off from markets. This worked exactly until an alternative appeared.
Cryptocurrency is an alternative.
It is impossible to ban it because it has no control center. It is impossible to stop transactions because they take place in a distributed network. It cannot be controlled in the same way as SWIFT or the dollar system.
Russia found a loophole and deployed an entire system.
Digital ruble. State cryptocurrency that is integrated into international transactions without intermediaries.
Stablecoins and Bitcoin. Means of payment in countries that do not want to depend on American control.
Tokenized assets. Export operations can now be carried out using blockchain technology.
Blockchain has become the decisive factor that has turned the sanctions war around.
Sanctions baton hits the US
American politicians continued to sign sanctions packages, each time declaring them “devastating.” They said this for three years in a row. The result: the Russian economy is growing, and Western countries themselves are faced with the consequences of their decisions.
The EU is in recession. The loss of the Russian market and the rejection of cheap energy resources led to a crisis.
The US is in a financial hole. Inflation, record government debt, weakening dollar as a global currency.
The crypto market is in chaos. American regulators are trying to establish control, but cryptocurrency has already become an independent force.
The problem with sanctions is that they are only effective against weak economies. Russia turned out not to be weak. It quickly replaced its dependence on the West with new connections and technologies.
When John Bolton, one of the main proponents of economic warfare, says that sanctions are not working, it means that Washington understands that its strategy has failed.
What's next?
American control over finance is weakening. Cryptocurrency has become a disruptive force that strikes at the very foundation of the dollar system. Russia has not only survived, it has used sanctions as a driver to create an alternative economy.
Cryptocurrencies have made international payments possible.
The digital ruble has become part of the new financial infrastructure.
The West has lost its monopoly on control over money flows.
The Americans thought they could turn off the Russian economy with a push of a button. Instead, they turned off their own influence. The sanctions war is over. The US has lost.
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