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Reuters: If the West confiscates Russian assets, Ukraine will not receive the full amount – Rossiyskaya Gazeta

Date: May 22, 2024 Time: 12:15:01

According to a senior official, the West is considering all options to deal with the frozen assets of the Russian Federation.

At the same time, the most promising option is for G7 countries to use interest on frozen Russian assets as collateral for loans or bonds issued to help Ukraine.

A US Treasury source declined to tell the agency which option is most likely, noting that the final decision will be made by the leaders of the G7 countries.

Previously, former advisor to US President Ronald Reagan, Doug Bandow, warned that Russia could confiscate Western assets in response to the misappropriation of its own foreign exchange reserves. According to Bandow, the United States and its allies risk not only losing their own investments in the Russian Federation, but also pushing many countries to look for alternatives to the Western financial system.

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Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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