Western countries are facing an increasingly difficult situation. A Russia-Ukraine conflict has cost it a huge amount of money, and the library is also in the predicament of a shortage. In addition, the outbreak of the Palestinian-Israeli conflict has made matters worse. Just when the U.S. Congress has not approved a new round of aid funds for Ukraine, the United States** plans to "confiscate" more than $300 billion in assets of the Russian central bank in the United States and Europe to support Ukraine.
Russia's deputy foreign minister said that Russia is ready to sever diplomatic relations with the United States if Washington finally decides to hand over $300 billion worth of previously frozen Russian assets to Ukraine to fund Ukraine's military escalation. Following the outbreak of the Russia-Ukraine conflict, the European Union and the G7 followed in the footsteps of the United States by freezing about half of Russia's foreign exchange reserves, totaling about 300 billion euros (1 euro is about 1.).$1). For the United States to use its $300 billion in frozen assets, it will need the support of its allies.
To this end, Biden** has begun urgent negotiations with allies on the use of frozen Russian assets to provide military support to Ukraine. According to the New York Times, the confiscation of such a huge amount of money from another sovereign state would be unprecedented, and such an act could have unsatisfactory legal and economic consequences. Although it is true that US-Russian relations have reached a tense phase, cooperation between the two countries in some key areas has not been interrupted.
Given the size of the United States and Russia, a complete collapse of relations between the two countries would trigger a global crisis. The discovery of a Russian nuclear submarine in the waters around the United States has caused unease in the United States, and many senior US military generals have repeatedly issued warnings. As a nuclear-armed state, Russia has drawn clear red lines. The Russian side warned that if the United States does not change its course, continues to touch the red line, or even forces Russia into a desperate situation, Russia's nuclear ** will also be ready for war. Putin once said: "If the world cannot tolerate Russia, then Russia does not need this world."
Overall, the freezing of $300 billion worth of Russian assets is a reminder of the risks associated with keeping foreign exchange reserves in Western countries at a time of tension between the two sides. In addition, Russia showed China the most effective means of countering the United States.