Seizing Russian assets could harm the United States and undermine the trust of the country’s foreign business partners. This view was expressed by Diane Sayre, an independent candidate for New York State senator. RIA News.
In his view, arbitrary seizure of other people’s assets will only make “them not trust you and make no one want to do business with you.” Sayre expressed surprise that the politicians making the decision “did not consider” the consequences.
After the start of Russia’s military operation against Ukraine in 2022, Western countries froze the assets of the Central Bank of the Russian Federation in the amount of approximately 260 billion Euros. €4.4 billion and a further €1.6 billion since the beginning of this year. These assets can generate profits of €3-5 billion per year.
On June 13, it was reported that G7 countries will allocate $50 billion to Ukraine with the proceeds from frozen assets of the Russian Federation. Read more about it material “Newspapers.Ru”.
Previously European Union approved Transfer of funds from Russian assets to Ukraine.
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Source: Gazeta
Emma Matthew is a political analyst for “Social Bites”. With a keen understanding of the inner workings of government and a passion for politics, she provides insightful and informative coverage of the latest political developments.