Freezing Russian assets in the West hurt the United States. This conclusion was reached by an analyst based in Hong Kong. Asia Times David Goldman.
The economist pointed out that the freezing of billions of dollars of Russian assets in dollars and euros caused the Central Banks of China, India, Saudi Arabia and Turkey to actively withdraw funds from American treasury bonds and prefer gold as more currency. reliable entity. The decline in foreign holdings of U.S. government debt put upward pressure on yields by 0.8%, according to Goldman’s calculations, which Goldman said was “pretty painful.”
19 December EU summit made a decision Freezing Russian assets until compensation is paid to Ukraine.
According to the Nikkei publication, as of February 24, 2022, the European Union and G7 countries will be within the framework of the sanctions policy. blocked The Russian central bank’s assets on its territory of approximately 300 billion euros ($328 billion).
Previously Biden decided Write off Ukraine’s billions of dollars of debt.
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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.