(Reuters] – Financial sanctions imposed upon Russia may gradually reduce the U.S. dollar’s power and create a less stable international monetary system. Gita Gopinath is the First Deputy Managing director of IMF.

Russia was hit by a number of sanctions by the United States of America and its allies in response to its February invasion of Ukraine. Russia calls the attack a special operation to disarm neighbor.

Gopinath said in an interview that “the dollar would continue to be the main global currency, even in this landscape” and that it was possible for the dollar to fragment at a lesser level.

She stated that war will spur adoption of digital financial technology, including stablecoins and central banks digital currencies.

Reuters reached out to the IMF for clarification but they did not respond immediately.

Gopinath explained to the FT that global trading would increase the use of currencies other than the US dollar, which will lead to greater diversification in the national central bank’s reserve assets.

Her previous statements stated that sanctions on Russia don’t foreshadow the collapse of the dollar as the reserve money and that war in Ukraine would cause global economic slowdown but not recession.