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> nobody in the world cares about US seizing Russian USD It's a sovereignty issue. Countries don't like to give other countries substantial leverage over them
by pasabagi 4y ago
> nobody in the world cares about US seizing Russian USD
It's a sovereignty issue. Countries don't like to give other countries substantial leverage over them if it's possible to avoid it.
That said, I think the seizures are probably fine, just because there's no real alternative to the USD or EUR as a reserve currency. Doing anything beyond that (spending the frozen funds, for instance) would probably not be fine.