Russian asset freeze has backfired against the West – Putin aide

By RT International

Moscow has warned that the “theft” of its sovereign funds erodes trust in Western financial institutions

The freezing of Russia’s sovereign assets by the Western countries which have rolled out sanctions against the country has undermined trust in global financial systems, according to Maksim Oreshkin, deputy head of President Vladimir Putin’s administration.

Since the start of the Ukraine conflict in February 2022, the US and EU have frozen more than $300 billion in Russian state assets. In May, the EU approved a plan to channel profits from those assets to support Ukraine, while some member states have pushed for outright confiscation.

In an interview which aired Sunday on Rossiya-1, Oreshkin argued that the move has backfired. “This whole situation is a major blow to the Western financial system and Western countries,” he said. “This isn’t something that might happen – it already has. The damage is done.”

…

Read Full Article Here…(rt.com)

---

Home | Caravan to Midnight (zutalk.com)

Live Stream + Chat (zutalk.com)

We Need Your Help to Keep Caravan To Midnight Going,

Please Consider Donating to Help Keep Independent Media Independent