US fears consequences of seizing Russian assets

Confiscating the funds could destroy the country’s reputation with investors, the New York Times reports The White House fears that the confiscation of Russian assets could damage its reputation, the New York Times reported on Tuesday. According to the newspaper’s sources, top officials in the Biden administration believe the seizure of assets would be illegal and could discourage other countries from relying on the United States and the dollar as a safe haven for investment. Confiscating the Russian assets and using them to rebuild Ukraine was a central topic at a meeting of top economic officials from the G7 nat

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