I appreciate your optimism but:-If the West sells Russian assets...

  1. 23,004 Posts.
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    I appreciate your optimism but:
    -If the West sells Russian assets (steals in tangs language)
    then BRICS/African/M/E countries who may in the future
    have conflict with the USA will likely firewall their assets
    against US/Western seizure adversely impacting the
    status of the USD as a global reserve currency

    From what I understand the proposal is to use the interest
    on these assets to be given to the Ukraine...not the liquidation
    of the asset.

    https://hotcopper.com.au/data/attachments/6474/6474999-8f14942409609e263cf762ff93c8c428.jpg
    (CNN Business)

    While $50 Billion may be significant amount in short term, its small change
    in financing this war over the longer term.

    Russia claims that it can confiscate (tangs says steal) up to $300 billion of mostly privately owned
    Western assets currently quarrantined in Russia to counter Western conviscations (tangs says steal)

    https://www.reuters.com/world/europe/russia-cant-match-western-asset-seizure-it-can-inflict-pain-2024-05-02/


 
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