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Has the Russian Invasion of Ukraine Doomed the Dollar

The National Interest

12/23/2022

Robert G. Rabil

In this compelling essay, Robert G. Rabil argues that Russia’s invasion of Ukraine signals the end of the post–Cold War world order and may challenge the global supremacy of the U.S. dollar. He highlights the geopolitical divide that has emerged, with much of the developing world rejecting Western-style sanctions and opting for a pragmatic, neutral approach rooted in national interest. Rather than ideological alignment, many states now prioritize economic stability, reducing reliance on U.S.-led financial systems. Rabil’s analysis underscores a crucial moment of global realignment—where economic self-preservation may overshadow ideological solidarity.

Robert G. Rabil, Ph.D. awarded
LLS Distinguished Professor of Current Affairs

Chastain-Johnston Distinguished Professorship of Peace Studies

Department of Political Science
Social Science 384-I

 

Florida Atlantic University
Boca Raton, FL 33431

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