Biden’s ‘crazy’ idea could spark global financial crisis – senior Russian senator ...News

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Biden’s ‘crazy’ idea could spark global financial crisis – senior Russian senator
The seizure of Moscow’s assets would be seen as a “very dangerous precedent” by US partners, Konstantin Kosachev has said A White House proposal to seize frozen Russian funds and use them to help Ukraine is not only illegal, but also incredibly dangerous, as it could shatter the entire global financial system, according to Konstantin Kosachev, the vice speaker of Russia’s upper house of parliament. The senator’s comments come after the New York Times reported on Friday that the Biden administration had intensified talks with US allies to requisition over $300 billion in Russian foreign exchange reserves frozen aft

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