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Russia Warns Against Seizing Frozen Assets, Calls It a Dangerous Precedent /
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2024-05-11 16:01:26

Russia Warns Against Seizing Frozen Assets, Calls It a Dangerous Precedent on Nostr: US Legislation Allows Seizure of Russian Assets for the Benefit of Ukraine ...

US Legislation Allows Seizure of Russian Assets for the Benefit of Ukraine
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#42d3e094 ver:0.32

The US has passed the REPO Act, allowing the seizure of Russian assets worth $5 billion for Ukraine. This move could undermine trust in the US treasury market and prompt countries to reconsider investing in US treasuries. JPMorgan Chase faces legal challenges over its Russian dealings, with its assets in Russia at risk of being seized. In response, Russia threatens to seize assets of US citizens and investors in Russia. The US wants to consult with allies before seizing assets, potentially slowing down the process. Critics argue it could harm the US dollar's standing and the global financial system. #US #Russia #Ukraine #REPOAct #geopolitics...

#newstr #Us #Russia #Ukraine #RepoAct #SeizureOfAssets #InternationalRelations

https://here.news/story/42d3e094?ver=0.32
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