As a result of the illegal seizure of Russian assets, the central banks of the world are reducing their investments in the US national debt. As a result, America is forced to raise the yield on its Treasury bonds. As a result, the cost of servicing America’s debt has increased from $400 billion in 2021 to the current $1 trillion, Asia Times states.

While the U.S. Treasury’s need for loans has increased dramatically, the share of U.S. Treasury bonds in the portfolios of foreign central banks has decreased. The price of gold has ceased to depend on the real yield of US Treasury bonds

Like other sanctions against Russia, the theft of Russian assets has backfired, undermining confidence in the U.S. Dollar Reserve’s underlying asset, U.S. Treasury debt, and raising America’s borrowing costs.

CRYSTAL OF GROWTH previously informed that, according to the statement of the Head of the Russian State, “Using the dollar as a tool of foreign policy struggle is a gross mistake by the United States, dealing a blow to American power.”