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Besides the sanctions, the G7+EU hold something around 300 billion $ of funds so far owned by the Ruzzian central bank. Not enough to rebuild Ukraine, but it wi
by TomK32 2y ago
Besides the sanctions, the G7+EU hold something around 300 billion $ of funds so far owned by the Ruzzian central bank. Not enough to rebuild Ukraine, but it will be a decent start. https://en.wikipedia.org/wiki/Confiscation_of_Russian_central_bank_funds https://en.wikipedia.org/wiki/Confiscation_of_Russian_centra...
- dumbledoren 2y agoStealing the assets of countries like Venezuela and Russia caused this to happen by making the rest of the world move off of the dollar to secure their asses. Doing more of them is the dumbest idea that can be proposed.
- TomK32 2y agoStealing? Don't start a war against neighbours or other neighbours might get angry. I don't see much movement into other currencies, just the usual fluctuation: https://en.wikipedia.org/wiki/Reserve_currency#Global_currency_reserves https://en.wikipedia.org/wiki/Reserve_currency#Global_curren... "Other currencies" gained two percent point, I guess that's the Rupees the Ruzzians sold their oil for.
- dumbledoren 2y ago> Don't start a war against neighbours or other neighbours might get angry Those other neighbors themselves invaded many countries. They stole the money of other countries. Like Venezuela. They never had their assets stolen. Apparently, they subscribed to none of the moral values and ethics they have been advocating. So that argument doesn't count. Those are currency reserves. Not the changes in the usage of currencies in international trade. But hey, don't let me disturb the comfortable numbness...