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The Bank of Russia has dismissed the effect that a future confiscation of Russian assets in the U.S. might have on the nation’s economic stability. Elvira Nabiullina, governor of the bank, stated that Russia has been diversifying its asset portfolio for many years and that the assets to be seized weren’t in use anymore. Bank […]

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Bank of Russia Dismisses US Asset Confiscation Effects on Russia’s Economic Stability

Analysts are pondering the effects of the approval of the Rebuilding Economic Prosperity and Opportunity (REPO) Act by the U.S. House. The execution of seizures for over $6 billion of Russian assets held in U.S. institutions would “supercharge” the de-dollarization efforts of several nations. This is due to the possibility of having their assets seized […]

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Bank of Russia Dismisses US Asset Confiscation Effects on Russia’s Economic Stability

Analysts: Confiscation of Russian Assets in the US Would Supercharge De-Dollarization