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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[–] disablist 10 points 2 years ago* (last edited 2 years ago)

The blowback I'm referring to wouldn't be kinetic, it'd the loss of the monetary hegemony provided by American lead banking system and the USD being used as the global reserve currency.