2023-12-24 02:45:00
© Archyde.com. Russia’s Deputy Foreign Minister dropped harsh words: If Russian assets are confiscated or diplomatic relations with the United States are severed!
Financial Associated Press, December 24 (Editor Ma Lan)Due to political factors, European and American aid to Ukraine is encountering bottlenecks. The White House and some EU countries have begun to intensify discussions on confiscating Russian assets to use them to finance Ukraine.
Comprehensive media reported that the White House is formulating plans to seize US$300 billion in Russian central bank assets frozen by the West and pay them to Ukraine. Sources said senior government officials, diplomats and the finance minister have held talks in recent weeks and the move may be announced in February next year on the second anniversary of the Russia-Ukraine conflict.
Allies including France and the UK also participated in the discussions. But critics point out that the plan has obvious flaws and could undermine the global financial system.
Opponents stress that this approach will damage the status of the dollar and the euro as reserve currencies by destroying the basic trust necessary for other countries to store their reserves. If other countries believe their funds may be seized, they will be hesitant to still hold dollars or euros, accelerating de-dollarization.
Afathe Demarais, a geoeconomics researcher at the European Council on Foreign Relations, warned last month that if Western democracies set a precedent for confiscating Russian assets, they would no longer have the credibility to accuse countries like India of confiscating Western assets. behavior of assets.
This behavior may also involve legal issues. Although some legal experts believe Russia has been deemed by the West to have violated international law to the point of losing its right to legal protection, its assets are still theoretically protected by sovereign immunity rules.
Response from Russia At the same time, Russian media quoted Russian Deputy Foreign Minister Sergei Ryabkov as saying that Russia may sever diplomatic relations with the United States if the United States confiscates Russian assets frozen due to the conflict.
Russia claims that its relationship with the United States is now below zero, but Russia is not a country that will easily interrupt diplomatic relations. If relations break down, it may be caused by a variety of factors.
Ryabkov noted that triggers could be asset confiscation, further escalation of military operations, and many other things. He said there would be no negative forecast, but Russia was ready for any scenario.
Kremlin spokesman Peskov also emphasized on Friday that measures such as confiscation would deal a serious blow to the global financial system, and that Russia will not allow any country that confiscates its assets to be in a state of peace. Russia will consider confiscating Western assets in retaliation. .
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