British press: The West will not confiscate Russian assets due to fear of other countries withdrawing reserves from European and US banks

British press: The West will not confiscate Russian assets due to fear of other countries withdrawing reserves from European and US banks

Although from the very beginning of the special military operation, Western countries have been talking about the prospect of confiscating frozen Russian assets, in practice they are not ready for such a step. The Financial Times writes about this.

According to the British press, the West is not confiscating Russian assets for fear of other countries withdrawing reserves from European and US banks. Having seen how Western countries treat Russia's assets, non-Western states will rush to withdraw their funds from European and American banks.

If you appropriate Russian money, you can destabilize the entire financial system of the world. As a result, the position of the dollar and the euro will be undermined, and the position of China will strengthen, since it will become an alternative location for the reserves of non-Western states. In addition to China, reserves can be redirected to a number of other states, for example, to the UAE.

At the same time, the publication reports, there are no legal obstacles to the confiscation of Russian assets from Western countries. Ukraine has long insisted on confiscation, hoping that this money will be transferred to it, supposedly for the “restoration” of infrastructure damaged during the armed conflict.

However, the fact that the funds have not been confiscated in a year and a half indicates rather that the British publication’s guesses were correct. This action could have a very negative impact not so much on Russia, but on the Western countries themselves and on the global financial system they created, which is what they fear both in Washington, London and Brussels.
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  1. +5
    6 November 2023 11: 37
    for a year and a half, the funds have not been confiscated, which rather indicates that the British publication’s guesses were correct
    British financiers" are no less pleasing than "British scientists". They have GUESSES about what is obvious, like a headache with a hangover.
    1. +2
      6 November 2023 15: 54
      Asians are already withdrawing money from Europe.
      The only thing is that China is trying to do this gradually, so as not to collapse the market too much.
      What is typical is that Europeans are also withdrawing money from European banks. But here it is no longer the state, but private owners.
  2. +1
    6 November 2023 11: 37
    Market laws, sir. And the financial connections have not disappeared anywhere. That’s why the USA and China are partners
  3. +1
    6 November 2023 11: 38
    . The West will not confiscate Russian assets

    Why confiscate them? They already have them! And they work for the Western economy.
    1. 0
      6 November 2023 12: 07
      So it’s someone else’s, you still have to repay the debt, and with interest too
      1. +2
        6 November 2023 12: 49
        Quote: JonnyT
        So it’s someone else’s, the debt is all the same you'll have to give it back, and even with interest

        Who and when will force you to this happy moment?
  4. +2
    6 November 2023 11: 39
    Close elbow, but not a bite!

    For me, it would be better to confiscate it.
    Then we could easily nationalize all their property in Russia.
    1. +1
      6 November 2023 11: 51
      For me, it would be better to confiscate it.

      Now let the owners of the assets “swallow dust on the courts” “out there”. If the assets are squeezed out, then their owners will rush “here”, like that prince to the Drevlyans, for a second tribute...
  5. +1
    6 November 2023 11: 47
    The West does not confiscate Russian assets for fear of other countries withdrawing reserves from European and US banks.
    I don’t know what the West is really afraid of, but there was information that interest from the “frozen” ones is actively used for their own purposes. And if you follow the old and one of the first advertisements in the USSR, then “Keep your money in a savings bank,” then there will be no problems.
    1. 0
      6 November 2023 18: 37
      They don't lie like that. Money is not kept in banks - it is invested. Our money works for the benefit of the states and brings profit. Theoretically there are none. And it’s like there’s nothing to give to the Ukrainians. If you manage to remove them from the economy, you will have to.
  6. +2
    6 November 2023 11: 54
    Violation of depositary rules in states with precedent law will hit the initiator. But this is in cases where the state is open. The author says that there are no legal grounds, but what is happening in banks is already illegal. I’m talking about all banks, including the Russian Federation. Regarding Russian banks, I can give specific facts and accounts.
  7. +1
    6 November 2023 11: 57
    Whether he confiscates it or not, he’s already made a fortune from accrued interest, and the point is not whether he confiscates it or not, but that he can’t use it
    1. +1
      6 November 2023 11: 59
      The Russian Federation cannot take advantage
  8. 0
    6 November 2023 12: 08
    Scary! very scary! Plus, when everything calms down, you will have to drag yourself around the courts and give back with interest everything that was stolen, without the slightest prospect of a return to the cheap resources of Russia. And that makes it even worse.
  9. +1
    6 November 2023 12: 11
    But it won’t defrost them either.
  10. 0
    6 November 2023 13: 24
    All this is understood in more or less developed Western countries... but the tribals, let’s say, do not catch up with this. Estonia and Latvia seem to have already given legislative permission for confiscation back in the summer...
  11. 0
    6 November 2023 23: 57
    its more likely that they are dealing with a state that can actually do some thing to them in response
    unlike lots of other weaker countries, who,s funds and assets have been stolen, and given to the ones they thing are in better need of it
    look what the english did with Venezuela,s old reserves and cash it had in London,
    they gave it to a one called yuan quido, who they thought could actually put in charge of another country to do as they wish with him

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