Billionaire Explains Why US Sanctions Against Russia Have Backfired
Washington’s sanctions against Moscow are forcing other countries to cut their investments in the US for fear of becoming the next target, billionaire hedge fund manager Ray Dalio has said in an interview with German newspaper Der Spiegel.
When asked about anti-Russia sanctions, the founder of the world’s largest hedge fund Bridgewater Associates said the measures are failing, but there are no other options available to Washington.
“Sanctions are the only weapon the US can use. So far, the decline in Russia’s gross domestic p
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