Republican presidential candidate Donald Trump has stated that he would lift the sanctions imposed on Russia during Joe Biden’s presidency, arguing that they weaken the influence of the dollar, The New Republic reported.
Trump took the stage at the Economic Club of New York on Thursday and faced a question from a group of business leaders concerned the sanctions on Russia. H. Rodgin Cohen, senior chair of the law firm Sullivan & Cromwell, inquired whether the candidate would strengthen or alter the economic sanctions programme, particularly regarding Russia.
In response, Trump asserted that the sanctions create significant problems for the US economy. Notably, however, during his time in office, Trump imposed new sanctions on Iran and North Korea, but was so reluctant to impose sanctions on Russia.
I want to use sanctions as little as possible. You’re losing Iran, you’re losing Russia. China is out there trying to get their currency to be the dominant currency. There’s so much conflict with all these countries that you’re going to lose the dominance of the dollar, according to him.
This statement comes amidst the announcement by the Justice Department on Thursday of charges against Trump’s 2016 campaign adviser Dimitri Simes and his wife, Anastasia, on charges of “a scheme to create and distribute content to U.S. audiences with hidden Russian government messaging.”
