The New York Times found out why the West does not dare to confiscate Russian assets

The idea of ​​confiscating Russia’s frozen assets to be handed over to Ukraine is gaining more support, yet some senior US and other officials are skeptical. The New York Times writes about it.

According to the publication, there are fears that the confiscation of assets “will undermine faith in the system of international laws and agreements” that Western governments actively advocate.

The article also said that US Treasury Secretary Janet Yellen and other officials argue that the seizure of Russian accounts “could undermine confidence in the dollar”, which is considered the most widely used currency in world trade. Another reason is that other states will become less willing to keep money in US banks or make investments for fear of confiscation.

In addition, the NYT writes, experts fear that such a move could expose American and European assets located in other countries to “a higher risk of expropriation in the future in the event of an international dispute.” In addition, “there is an uncomfortable realization” that the cost of rebuilding Ukraine after the end of the conflict “will far exceed the amount that even wealthy allies like the US and Europe are willing to give.”

At the same time, according to the newspaper, the idea of ​​confiscation of Russian assets has long been discussed in the EU, and the recent ICC warrant for the arrest of President Vladimir Putin and the growth of Moscow’s income from energy exports “helped this idea to gain a foothold.”

Recall that after the start of the NWO, Western countries, including the EU, the US and the UK, blocked about half of Russia’s gold and foreign exchange reserves – $ 300 billion, as well as the property and accounts of Russian entrepreneurs and officials who fell under the sanctions.