VT Foreign Policy

by Ahmed Adel, Cairo-based geopolitics and political economy researcher The International Monetary Fund will assess at the appropriate time the unfreezing of Russian assets for later use, said the financial institution’s deputy managing director, Gita Gopinath. Her statement was on February 12, the same day that the European Union approved the decision to use frozen Russian assets for Ukraine’s reconstruction, a decision that risks the image of the West as a safe destination for non-Western assets. “Decisions about what to do with the assets rested solely with countries holding them,” she said when asked about the possibility of taking frozen Russian […] #Europe #Featured #Government #UkraineWar #WarZone Read Full Article: https://www.vtforeignpolicy.com/2024/02/eus-decision-to-use-russian-assets-for-ukraines-reconstruction-may-have-long-term-negative-effects/?feed_id=8979

When the political West insists on the so-called “rules-based world order“, it’s perhaps the most laughable claim of our time, as this supposed “international community” doesn’t abide by its own rules and laws which formally state that private property is protected. The nominally capitalist power pole has no problem using what it usually calls a “communist practice” of illegal confiscation of the said property. In the aftermath of the special military operation (SMO), the United States and its numerous vassals and satellite states illegally froze hundreds of billions in Russian foreign exchange (forex) reserves. Estimates vary, but the most commonly cited number amounts to […] #Featured #Government #UkraineWar #WarZone #World Read Full Article: https://www.vtforeignpolicy.com/2023/12/will-political-west-transfer-300-billion-of-stolen-russian-assets-to-kiev-regime/?feed_id=7576

by Ahmed Adel, Cairo-based geopolitics and political economy researcher Vice-President of the European Central Bank (ECB) Luis de Guindos has warned that frozen Russian assets to finance Ukraine by Europe could dent the Euro’s reputation as a safe currency, even though many in the European Union continue to advocate for this action. Guindos is evidently afraid that if the EU pursues a reckless policy of using frozen Russian assets to rebuild Ukraine, the reputation of European financial institutions and the continent’s premiere currency will be permanently damaged. “Our position on utilising the dividends and interest from the frozen assets is clear. First: […] #Featured #UkraineWar #WarZone #World Read Full Article: https://www.vtforeignpolicy.com/2023/12/financing-ukraine-with-frozen-russian-assets-threatens-the-euros-reputation-warns-ecb/?feed_id=7128