BIDEN’S DECISION TO BAN DOLLAR TRADING ON THE STOCK EXCHANGE FOR RUSSIANS HAS PROS AND CONS:

Minuses:

Difficulties with import and export.

This is what Biden and his Russian and Ukrainian economic advisers on sanctions are counting on.

But since there is no trust in the toxic dollar, most transactions have been conducted in the currencies of friendly countries for a long time.

Therefore, there will be no special damage to Russian imports and exports.

Pluses:

Increase in the volume of foreign trade transactions in rubles. The return of relaxants and Russians working remotely.

New difficulties for brain drain are the inability to pay for studies and relocation.

Difficulties in withdrawing money for foreign companies and the inability to leave Russia and withdraw profits.

A blow to the outflow of capital and the growth of investments within Russia. A new blow to the dollar and the euro as settlement instruments.

Moving away from the currency and increasing investments in the stock market.

Summary: No one has done as much to prevent capital outflow from Russia and stimulate domestic investment as the US administration.