IMF warns West against seizing Russia’s money ...News

The move could undermine the global monetary system, according to the fund’s spokesperson Western plans to either confiscate Russia’s frozen central bank reserves directly or use the profit they generate could undermine the global monetary system, the IMF has warned. Western nations, particularly the US, UK and EU states, have blocked an estimated $300 billion in assets belonging to the Russian central bank since the start of the Ukraine conflict in February 2022. The US and a number of EU nations have advocated confiscating these assets to finance Ukraine’s defense and future reconstruction. However, France, Germ

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