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American pressure on its allies to confiscate Russian assets of its allies

The US government asked its allies to finalize the plan to confiscate Russian foreign assets for the benefit of Ukraine in the coming months.

According to Webangah News quoted by Mehr News Agency According to Rashatudi, the American government has pressured its allies to illegally exploit Russia’s foreign assets.

Bloomberg newspaper reported on Thursday, quoting its knowledgeable sources, that US President Joe Biden, the leaders of the Group of Seven pressured them to finalize the plan of using frozen Russian assets to finance Ukraine by the June meeting.

According to Rashatudi, both the UK and Canada have refused to confiscate frozen Russian state assets to supply the Ukrainian military and They support its reconstruction, but two countries, France and Germany, still have reservations about it.

Most of Russia’s assets are located in the European Union, mainly in the Belgium-based Euroclear clearinghouse. According to the Bloomberg report, European officials are worried that an excessive action without legal justification in this regard may weaken the position of the euro as a reserve currency and cause serious damage to the reputation of the European Union.

Also, Russia has considered it illegal to freeze about 300 billion dollars of its national wealth and has warned that any Acting in this context is criminal and will not go unanswered.

The US Treasury Secretary Janet Yellen announced on Friday that Washington and its allies are looking for options They will be for exploiting the blocked assets of Russia. The US Treasury Secretary also told Reuters in an interview on Thursday that any action needs a strong legal reason.

An Italian newspaper reported on Sunday that ” US President Joe Biden once again raised the issue of the use of income from frozen Russian assets worth 300,000. white”> proposed a billion dollars for the reconstruction of Ukraine in the virtual meeting of the Group of Seven, but the EU member states have not yet decided on its possible confiscation.

 

© Webangah News Hub has translated this news from the source of Mehr News Agency
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