#MarketDownturn 🚹Russia Warns of Global Market Shock.🚹

If Frozen Assets Are Accessed, Sanctions Threat Will Intensify.

The Russian Finance Ministry warns that the use of Russian financial assets could have significant systemic effects on the global monetary and financial system.

Deputy Finance Minister Ivan Chebeskov emphasized: The use of Russian financial assets will have profound systemic consequences for the international monetary and financial system.

“The US dollar is increasingly being used as a weapon to remind the world of the risks associated with transactions in the US currency. Naturally, developing countries will look for other currencies to conduct transactions and store reserves.”

Recent moves involving Russian assets include a plan by the Group of Seven (G7) to finance a $50 billion loan package for Ukraine using proceeds from frozen Russian assets. The initiative aims to support Ukraine financially while leveraging Russian assets seized under sanctions. $USDC $BTC $ETH