The United States supports the seizure of Russia s frozen assets for use in Ukraine s reconstruction

Mondo International Updated on 2024-02-01

Bloomberg recently cited a memo from the National Council of the United States (NSC), which revealed a striking news: the White House has expressed support for the idea of confiscating Russian assets frozen due to the conflict in Ukraine. This statement undoubtedly dropped a bombshell on the international financial and political arena.

The Commission, as the main advisory body of the United States on military and foreign policy issues, often has far-reaching implications in its decisions and positions. It is reported that the agency had already given the crucial document** to the Senate Foreign Relations Committee in November, apparently paving the way for further legislative action.

Biden expressed "in-principle" support for the bill, which could cause major international repercussions. According to the proposal of the bill, "the executive branch will receive the necessary powers to seize Russian sovereign assets in the interests of Ukraine." This move involves not only huge financial flows, but also the complex interweaving of international law and international relations.

It is estimated that about $300 billion of Russian funds are currently frozen by Western countries, of which more than $200 billion is held by the European Union, while the rest is in the hands of the United States. This huge figure is enough to cause concern and concern in any country, not to mention Russia itself.

Kremlin spokesman Dmitry Peskov expressed strong opposition to this possible asset seizure. He warned that if Washington did take such measures, it would seriously undermine the authority of the international financial system and the confidence of international investors in the United States. Peskov's remarks are undoubtedly a reminder to the United States** that any drastic action may have unforeseen consequences.

From an economic point of view, the freezing and possible confiscation of such huge assets would be a major blow to the Russian economy. These funds, which were originally used by Russia for international**, investment and development projects, are now locked in an unreachable place. This will not only affect the operations of Russian businesses, but may also lead to a decline in their international credit ratings, further increasing their financing costs in the international market.

For the United States, although this move can support Ukraine to a certain extent, it will also bring certain risks to itself. After all, Russia is a major global economy, and a complete break with it could trigger a series of unforeseen ripple effects. For example, Russia may retaliate by restricting exports to the United States or investments in the American market.

From a political and diplomatic point of view, this incident will undoubtedly increase tensions between the United States and Russia. The two sides already have differences on a number of issues, and now that this financial dispute is going to be a difficult way to find a way to reconcile in the short term. This will not only affect the cooperation between the two countries in international affairs, but may also trigger a wider range of international political turmoil.

In addition, this incident has also aroused the attention of the international community to the international financial system and international law. Some countries may fear that if the United States can freeze and confiscate the assets of other countries at will, the stability and fairness of the international financial system will be seriously challenged. At the same time, it could also spark a heated debate about international law and national sovereignty.

On this issue, the positions and interests of all parties are very complex. It would therefore be a daunting task to find a solution that would satisfy the concerns of all parties while preserving international law and the stability of the international financial system. This requires all parties to remain calm and exercise restraint and gradually resolve differences and contradictions through dialogue and consultation. Only in this way can this event be prevented from triggering an even greater international crisis.

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