President Trump has also discussed adopting substantial changes to dollar policy. Sweeping tariffs and a shift away from strong dollar policy can have some of the broadest ramifications of any policies in decades, fundamentally reshaping the global trade and financial systems.     -Trump Head of Council of Economic Advisors Stephen Miran, November 2024 Wall Street consensus that an Administration has no means by which to affect the foreign exchange value of the dollar, should it desire

So if the goal is “curbing Putin’s ability to fund his war machine”, why didn’t US and UK officials sanction Russian oil and gas?  The answer is hinted at in this section of this [April 14, 2024] Bloomberg article: The restrictions were crafted to avoid the kind of market disruptions that resulted from the sanctioning of Oleg Deripaska in 2018, which caused aluminum prices to spike and triggered widespread concern among consumers of the metal,