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Biden Administration Backs Legislation to Seize Frozen Russian Assets
(www.bloomberg.com)
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this post was submitted on 10 Jan 2024
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This is one of those actions that is completely understandable and an unambiguously moral decision, but the blowback has the potential to upened the entire post-WW2 American centric global financial order. Maybe for the better, maybe for the worse, I don't know, but it'll probably depend alot on what your vantage point is.
Don't matter. If you have enough guns to wipe any complaint out, payment is more of a formality.
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.