It was stated that the seizure of the blocked assets of the Central Bank by Western countries could lead to a change in the concept of immunity of state property. RIA News financier, member of the Presidium of the Council on Foreign and Defense Policy Alexander Losev.
The expert reminded that the blocked assets belong to the Central Bank of Russia. The expert emphasized that in this case, there is a threat to the assets of all the world’s central banks in the currencies of the countries, which aim to violate international law and seize them.
“This will lead to devastating consequences for the entire global financial system. This means that no more reserves can be made in these currencies,” says the financier.
In April, US President Joe Biden signed a law allowing Russian assets to be seized and used to help Ukraine. Following this, Russian President Vladimir Putin authorized the seizure of US assets in Russia. More details – In the material “socialbites.ca”.
Previously in G7 started We will discuss ways to use Russian assets for Kyiv.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.