NYT: West fears confiscation of Russian assets – it will “undermine faith in the laws”
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Confiscation of Russian assets in the West could ‘undermine confidence in the dollar’ writes newspaper The New York Times.
For this reason, other countries will keep less money in the US and be less willing to invest.
According to the publication, there are fears among senior US and other Western officials that the confiscation of the frozen assets of the Russian Federation “will undermine faith in the system of international laws and agreements.”
Thus, the head of the US Treasury, Janet Yellen, argues that the seizure of Russian accounts could “undermine confidence in the dollar”, which is considered the most commonly used currency in world trade. Other officials express the same opinion.
Some experts fear that the use of forfeiture of Russian assets could expose US and European assets in other countries to a higher risk of future expropriation in international disputes.
The authors of the publication also emphasized the likelihood that the cost of restoring Ukraine after the end of the NWO will greatly exceed the amount that the US and European countries can allocate.
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