Trump administration worried sanctions on Russia could weaken dollar's global dominance

The Trump administration is concerned that excessive sanctions against Russia could encourage more countries to reduce their dependence on the US dollar, potentially weakening its dominance in the global financial system, The New York Times reports. As a result, the US administration is gradually easing some sanctions, keeping them as a flexible diplomatic tool. Meanwhile, Congress is advancing a bipartisan sanctions bill that mandates sanctions against Russia and its partners, including expanded measures such as tariffs on buyers of Russian energy resources.