this post was submitted on 10 Jan 2024

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Biden Administration Backs Legislation to Seize Frozen Russian Assets (www.bloomberg.com)

submitted 1 year ago by naturalgasbad@lemmy.ca to c/worldnews@lemmy.ml

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[–] disablist@lemdro.id 12 points 1 year ago* (last edited 1 year ago)

The blowback I'm referring to wouldn't be kinetic, it'd the loss of the monetary hegemony provided by American lead banking system and the USD being used as the global reserve currency.