Recently, the United States broke the news that Biden is urgently negotiating with allies and plans to seize Russia's overseas assets. It is understood that since the outbreak of the Russian-Ukrainian war, European countries have been tired and tired of the endless demands of Ukraine ** Zelensky, just as they are thinking about how to break the deadlock, the Palestinian-Israeli conflict in the Middle East has escalated again, making the United States see that the deficit on the books is getting bigger and bigger, so it proposed a plan that can "expropriate" Russia's overseas assets. It is understood that the Russian central bank has about $300 billion in assets in countries in the United States and Europe, of which about $5 billion is in American institutions, and most of the rest are distributed in Europe, including superficially neutral countries such as Switzerland and Belgium. Some analysts believe that the reason why the United States has the ability to carry out this action stems from the establishment of dollar hegemony and a series of provisions that do not conform to legal principles, which enable the United States to arbitrarily supervise and interfere in the dollar transactions of other countries.
This action by the United States is not only worrying, but also raises a series of questions. On the one hand, this will have serious implications for Russia, since $300 billion in assets already accounts for half of all Russian overseas assets. If the United States really dares to take such an action, it will provoke not only a strong reaction from Russia, but also condemnation from the international community, and the credibility of the United States will completely collapse and cause damage to the global financial architecture. On the other hand, China, as the largest creditor of the United States, should also be highly vigilant. Although China has sold US bonds for seven consecutive months and currently holds only $769.6 billion, this action shows that the United States will do whatever it takes to defeat its opponents and does not rule out the possibility of completely defaulting on its debts. Therefore, it is very necessary for China to clear its US debt as soon as possible.
Relations between China and the United States have always been tense, and the US plan to seize Russia's overseas assets has exacerbated the tensions between China and the United States. The United States has long relied on China to buy large amounts of U.S. debt to sustain its economic system, and China has become the world's largest foreign exchange reserve. However, in recent years, the friction between China and the United States has been escalating, and the United States has continuously increased sanctions and pressure on China, and Sino-US relations have fallen into an unprecedented predicament. The US plan to seize Russian assets further demonstrates the US attitude and intentions towards China.
It is worth mentioning that not only Sino-US relations, but also the actions of the United States have aroused widespread concern in the international community. Many countries around the world are facing similar problems, such as Afghanistan. On the Afghan issue, the United States not only withdrew its troops irresponsibly, but also froze the overseas assets of the Afghan central bank, which has aroused international doubts and condemnation. For those countries that have fallen victim to US policy, they have had to think about how to better protect their interests in the international system.
This action of the United States has raised many issues that deserve our attention and consideration. First, can the United States arbitrarily seize and confiscate the overseas assets of other countries?Is such behaviour consistent with international law and the principles of fairness and justice?Second, what will be the impact of such a move by the United States on the international community?There is no doubt that this will intensify the international community's doubts and dissatisfaction with US hegemony and undermine the global financial order and stability. Finally, how should we respond to this kind of action?As a strong nation, we should be ready to respond to every possible scenario and protect our national interests and the interests of our people.
In short, the U.S. plan to seize Russia's overseas assets has not only exacerbated tensions in Sino-US relations, but also aroused widespread concern in the international community. We cannot ignore the impact of this action, and we should remain vigilant and take appropriate measures to protect our interests. In the international community, we should play a greater role in upholding the principles of international fairness and justice and promoting the establishment of a more harmonious and stable international order. Only in this way can we achieve peaceful and stable development and make greater contributions to the common interests of mankind.