RUSSIA WARNING ON USING FROZEN ASSETS: RISK OF GLOBAL FINANCIAL CRISIS
The Russian Finance Ministry said that the G7’s plan to use frozen Russian assets to help Ukraine could cause serious disruptions in the global financial system. Deputy Minister Ivan Chebeskov emphasized the dangers of using the US dollar as a weapon in the global financial system if these assets are used. Russia, in response to these sanctions, has begun using foreign assets in the country.
🔥🔥🔥Conclusion: Use of frozen assets could pose serious risks to the global financial system‼️
References:
1. Business Insider, “Russia’s Frozen Assets,” 2024.
2. Reuters, “G7 and Russia,” 2024.