If Western countries seize Russia’s assets and transfer them to Ukraine, many countries will stop storing their reserves in the United States. In this opinion report Colonel Douglas McGregor, former advisor to the Pentagon chief, put this to journalist Stephen Gardner.
“Just stop and think. Imagine yourself in India, China, Brazil, Saudi Arabia, you see what happens. Why do you keep your funds in US Treasuries?” – said McGregor.
According to the former adviser, if the confiscation plan is implemented, the United States will find itself trapped and many states that have stakes in American government bonds will begin to get rid of them.
According to the Central Bank of Russia, Russia’s assets worth approximately $300 billion in the EU, USA, Japan and Canada have been frozen.
Prior to this, regarding the possible seizure of foreign assets of the Russian Federation spoke in China.
Yesterday the European Union and G7 we will evaluate Use of frozen assets of the Russian Federation as collateral.
US Senate on January 26 approved Bill allowing the seizure of Russian assets for the sake of Ukraine.
Formerly at the Russian Ministry of Foreign Affairs warned EU on the consequences of the seizure of frozen assets of the Russian Federation.