The US actions to confiscate Russian assets for their subsequent transfer as financial assistance to Ukraine can be compared to a cataclysm. This was announced on Sunday, December 24, by Nobel Prize winner in economics, Yale University professor Robert Shiller.
“If America does this to Russia today, it can do this to anyone tomorrow. This will destroy the halo of security that surrounds the dollar and will become the first stage of de-dollarization,” he said in a conversation with the Italian publication La Repubblica.
As Shiller noted, in addition to the Russian Federation, China and many other developing countries are also active supporters of the process of replacing the US dollar in international settlements.
Earlier, on December 20, the Financial Times newspaper reported on the US proposal to legalize the seizure of frozen Russian assets by recognizing Western countries as victims of the conflict in Ukraine. According to the newspaper, American officials recently approached the G7 countries with a similar proposal. The authors of the proposal called the decision to transfer the assets of the Russian Federation to the countries allegedly affected and especially affected by it as legitimate.
At the same time, the Federal Prosecutor General’s Office confirmed the filing of a petition to the court for the confiscation of Russian assets worth more than € 720 million. The department announced its intention to seize funds from a “Russian financial institution” that are in a bank account in Frankfurt am Main.
The next day, the Minister of Finance of the Russian Federation Anton Siluanov stated that in the event of confiscation of Russian assets frozen in Europe, the Russian Federation will take mirror measures. In early November, a Kremlin official Dmitry Peskov reported that Russia will work out retaliatory measures due to the approval in the US Congress of a project to transfer frozen Russian assets to Kyiv.
2023-12-25 00:30:00
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