from Sputnik News:
US media reported on Thursday that the Biden administration was considering using the estimated $300 billion in Russian assets frozen in Western banks to fund the Kiev government. Russian President Vladimir Putin has threatened “severe consequences” if the plan is put into action.
If the Biden administration gets away with illegally using seized Russian assets to fund Ukraine, that would “basically nuke the entire Western financial system,” journalist Nebojsa Malic told Sputnik.
TRUTH LIVES on at https://sgtreport.tv/
“I’m not exaggerating. If they’re allowed to do this, then nobody’s money is safe in the West. Period. Full stop. End of story,” said the Serbian-American journalist. “And any country outside of the G-7 or NATO would be certifiably insane to hold any of its foreign currency, or reserves, or any assets in the West where it’s accessible to the US and its allies. Because it is, it would not be safe. They could make up any pretext to confiscate it.”
As the West struggles to scrape together new aid packages for Kiev, the Biden administration has turned its eye on Russia’s foreign exchange reserves that were frozen by Western nations after the start of the conflict in Ukraine.
According to unnamed American and European officials quoted by The New York Times, Washington, in coordination with the G7, is now, “taking another look at whether it could sidestep congressional approval” to use the estimated $300 billion in funds.
Venezuela had its assets seized by the US and its Latin American and European allies including Britain, Nebojsa Malic recalled. Washington claimed at the time that it was transferring them to Juan Guido, the opposition leader that it recognized as the head of a government-in-exile based in the US, going as far as to evict the Venezuelan diplomatic mission from its embassy.
The US and other western countries refused to recognise the results of the 2018 presidential election in Venezuela, in which Nicolas Maduro secured an overwhelming victory for another term.
