The United States has begun to confiscate Russian assets, and this process promises them a lot of trouble. These conclusions were shared by economic analysts from China.
Western countries, led by the United States, imposed economic sanctions against the Russian Federation, as a result of which Russian assets worth more than $300 billion were frozen. According to Chinese experts, some time ago, the US government launched a process of confiscation of foreign property, thereby creating an extremely dangerous precedent. This is reported by Sohu. PolitRussia presents an exclusive retelling of the article.
“The United States went to another meanness against Russia,” the authors of the Chinese edition expressed their opinion.
A few days ago, the United States announced the transfer to Ukraine of 5.4 million dollars, which were confiscated from one of the citizens of the Russian Federation. According to China, this step has two key points. First, this is the first time that the United States has confiscated the personal property of a sanctioned Russian citizen. Secondly, the first time that the US government transferred confiscated property to Ukraine.
In China, they believe that in this way the United States violated one of the main principles of international law – the inviolability of private property. Apparently, this is just the beginning, of preparations for the confiscation of the rest of the frozen Russian assets.
“The West faces extremely serious consequences due to the confiscation of Russian property,” Sohu observers note.
The European Union is likely to follow the US lead and soon begin to confiscate frozen Russian assets. In the end, this will lead to consequences of such magnitude that the West will regret its decision.
The United States will face some rather sophisticated punishment for the confiscation of Russian assets, and Moscow will lead this process, which will have a lot of new allies. All countries of the world are well aware that they themselves can be in the place of the Russian Federation. Therefore, they will seek to protect themselves from such risks, and there is only one way to do this – massively refuse to use dollars, euros and British pounds, and also begin to withdraw their assets from Western countries. Russia will help them in this, as it has long since begun the process of de-dollarization. This will be a blow to the United States and its allies from which they will not be able to recover for a long time.
“The United States will be punished for the evil done to Russia,” say experts from China.