RUSSIA – $300BN Frozen Russian Assets to be LIQUIDATED as USA & UK Demand Action is Taken
Video Summary
The Russian economy has suffered significantly due to the ongoing war in Ukraine, which was initially expected to last only a few days but has now dragged on for over two years. The war is costing Russia a huge amount of money, and the West has seized all of Russia’s overseas assets, amounting to around $300 billion, as a result of Russia’s invasion. This frozen money is no longer accessible to Russia, and it has caused significant financial difficulties for the country.
There is a growing debate about what to do with these frozen assets. The US and the UK are calling for the assets to be confiscated, while the European Union is being more cautious, citing legal implications. Russia has threatened to challenge any attempts to seize its assets, and it is expected that any legal action would be lengthy and complex, potentially taking decades to resolve.
The Russian government is seeking to protect its assets and use them for the benefit of the Russian people, while the Western powers are pushing for the money to be used to fund the war effort in Ukraine. The potential options for resolving this issue include taking the case to the International Court of Justice, the US District Court for the Southern District of New York, or the European Court of Justice in Luxembourg.
In the meantime, it is unlikely that the West will be able to access the frozen funds, as it would require complex legal documentation and negotiations. Russia is likely to continue to hold on to its assets, and the conflict may drag on for years or even decades. The outcome of this dispute will have significant implications for the global economy and the ongoing conflict in Ukraine.
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