this post was submitted on 10 Jan 2024

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Biden Administration Backs Legislation to Seize Frozen Russian Assets (www.bloomberg.com)

submitted 2 years ago by naturalgasbad@lemmy.ca to c/worldnews@lemmy.ml

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[–] RedWizard@lemmygrad.ml 7 points 2 years ago

Do you like being the global economic superpower with hegemonic influence over the world economy? Because this is a good fucking way to get other nations to tell you and the World Bank to fuck right off. Can't seize assets that are not part of your banking regime, and this definitely incentivizes de-dollarization.