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Biden Administration Backs Legislation to Seize Frozen Russian Assets
(www.bloomberg.com)
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this post was submitted on 10 Jan 2024
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This is one of those actions that is completely understandable and an unambiguously moral decision, but the blowback has the potential to upened the entire post-WW2 American centric global financial order. Maybe for the better, maybe for the worse, I don't know, but it'll probably depend alot on what your vantage point is.
If world trade bypasses US-dominated institutions, then the only leverage the Americans have is their military. And that doesn’t bode well for civilian rule.