SCO & BRICS latest news and insights
By Rhod Mackenzie
The potential confiscation of Russian assets frozen in the West could not only trigger a backlash but also fragment financial markets, with Europe bearing the brunt of the consequences. Bloomberg reported this on Monday, January 15th.
Since the outbreak of the conflict in Ukrai...
By Rhod Mackenzie
The United States is seeking a way to legally access the frozen Russian assets, even if it harms its own economy and reputation. The Joe Biden administration is backing a bill that would permit the seizure of approximately $300 billion in assets, purportedly for the reconstructio...
By Rhod Mackenzie
The Foreign Affairs committee of the US congress has backed the transfer of the Russian assets that are currently frozen abroad to the Ukraine, on the condition that "if necessary, the funds will be transferred to the US government." However, this idea lacks support within the Eu...
