Will sanctions create a backlash against the dollar?

French bank shares and bonds were rattled this week after the recent poll showed stronger results for right-wing French presidential candidate, Marine Le Pen.

Aluminium producer Rusal became the first Russian company to publicly call for an investigation into the alleged war crimes in the Ukrainian town of Bucha, and FT markets editor, Katie Martin, discusses whether sanctions against Russia might affect the global dominance of the US dollar. 

Mentioned in this podcast:

Le Pen’s poll surge rattles French bonds and bank stocks

Russian aluminium producer Rusal calls for Bucha war crimes investigation

Financial warfare: will there be a backlash against the dollar?

FTNB: Russia’s war on Ukraine boosts China’s financial ambitions

Ketanji Brown Jackson confirmed for US Supreme Court seat

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. 

Read a transcript of this episode on FT.com

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