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