If the US and Europe still decide to seize Russia’s assets, there will be a similar reaction. Moreover, this situation is not so dangerous for the welfare of the countries, but it is dangerous because it sets a dangerous precedent for the global economy. explained financial analyst, candidate of economic sciences Mikhail Belyaev in a conversation with the 360 TV channel.
Belyaev stated that the seizure of assets can only be done legally, and the United States has not yet found the necessary legal norms of international law for this. He explained that this had to be done to make the procedure appear legitimate.
“If some kind of legal norm is invented, thought out, then we will take advantage of it and do the same, and use the American funds that we find and consider it necessary to use,” the analyst said.
The expert believes that this will not be a tragedy for either side. In his opinion, this is dangerous because the seizure of Russian assets will become a precedent that other countries can benefit from. He explained that it would be possible to do the same thing with European, American, Japanese and British money.
“At this point, everyone can claim rights from everyone else, and it seems everyone will do so. So even debt-ridden Zimbabwe will be able to do something. This will lead to the collapse of the world. “Everyone understands this,” said the expert.
It was stated that the scenario of actually confiscating Russia’s assets is not considered very likely since the consequences are known to everyone, and it was noted that the USA will not take such a drastic step yet.
Let us remind you that on the eve of the EU summit approved The European Commission’s proposal to use proceeds from Russia’s frozen assets to finance aid to Ukraine. Following this, Doug Bandow, former advisor to US President Ronald Reagan, warned that Russia could take revenge on Western countries and seize American and European assets.
Previously at the Russian Ministry of Foreign Affairs commented The EU plans to seize Russia’s frozen assets.