Russia Warns Against Seizing Frozen Assets, Calls It a Dangerous Precedent on Nostr: US move to seize Russian assets in American banks raises concerns for global ...
US move to seize Russian assets in American banks raises concerns for global financial system
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#42d3e094 ver:0.26
President Biden signed a bill allowing the seizure of $6 billion in Russian assets in US banks to cripple Russia's war effort against Ukraine. However, experts warn of risks to the global financial system. Russia has responded by converting assets to gold and advocating for 'dedollarization'. US Treasury Secretary Yellen suggests using frozen assets as collateral for borrowing to aid Ukraine. Critics argue this could harm the US dollar's dominance and prompt China to reconsider its reserves. The legality of seizing assets is uncertain, and Russia warns of legal challenges. #Russia #Ukraine #GlobalFinance...
#newstr #Us #Russia #Assets #Banks #GlobalFinancialSystem #Dollar #ReserveCurrency #Ukraine #Eu #Seizure #Sanctions #Gold #Brics #Economy
https://here.news/story/42d3e094?ver=0.26
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#42d3e094 ver:0.26
President Biden signed a bill allowing the seizure of $6 billion in Russian assets in US banks to cripple Russia's war effort against Ukraine. However, experts warn of risks to the global financial system. Russia has responded by converting assets to gold and advocating for 'dedollarization'. US Treasury Secretary Yellen suggests using frozen assets as collateral for borrowing to aid Ukraine. Critics argue this could harm the US dollar's dominance and prompt China to reconsider its reserves. The legality of seizing assets is uncertain, and Russia warns of legal challenges. #Russia #Ukraine #GlobalFinance...
#newstr #Us #Russia #Assets #Banks #GlobalFinancialSystem #Dollar #ReserveCurrency #Ukraine #Eu #Seizure #Sanctions #Gold #Brics #Economy
https://here.news/story/42d3e094?ver=0.26