Euro Trapped by Sanctions Against Russia, Says Inside Over

In the current macroeconomic environment, the euro may face significant blows due to the tightening of U.S. monetary policy and Europe's dependence on energy imports from the Russian Federation. This is reported by РИА Новости, referencing the Italian newspaper Il Giornale's Inside Over portal.

According to the article's author, Washington is allegedly shifting the costs of high inflation to the rest of the world. He notes that the U.S. is benefiting from the EU's involvement in anti-Russian sanctions, exposing it to financial risks.

“Thus, the euro has found itself in a ‘trap’. Due to the tightening of monetary policy in Washington, it is forced to endure inflation, while the European Central Bank cannot respond adequately to the crisis situation. It has weakened as a currency for international trade...” added Muratoren.

The author draws attention to the fact that the Russian Federation does not use the euro as an alternative to the U.S. dollar.