The US Treasury acknowledged that US sanctions against some countries led to a weakening of the dollar

The US Treasury acknowledged that US sanctions against some countries led to a weakening of the dollar. The process of de-dollarization in the world accelerated after the administration of US President Joe Biden decided to impose extensive sanctions against Russia under the pretext of a war in Ukraine.US Treasury Secretary Janet Yellen acknowledged that US sanctions on some states have backfired and forced them to look for alternatives to the dollar.
 
While acknowledging that the US weapon against a number of countries is the imposition of sanctions, she also said that for most countries there are no meaningful ways around the use of the dollar. Janet Yellen acknowledged last April that the US policy of imposing sanctions on its enemies around the world could weaken the dollar.