Source link The West should borrow money against decades’ worth of Russian profits and give it to Ukraine, a senior official has reportedly urged The US wants to use future profits from seized Russian assets to raise debt on behalf of Ukraine, a senior White House official has said, according to the Financial Times. European […]
Source link Any decisions on the funds should be backed with “sufficient legal support” to avert future risks, according to a spokesperson Any steps towards seizing Russia’s frozen reserves should be backed by “sufficient legal support,” IMF spokesperson Julie Kozack said at a regular briefing on Thursday. The EU and other G7 nations have blocked […]
Source link A senior official with the fund has called for an assessment of the legal grounds before the immobilized reserves are seized Any steps towards seizing Russia’s frozen reserves should be backed by “sufficient legal support,” IMF First Deputy Managing Director Gita Gopinath has warned in an interview with Foreign Policy magazine published on […]
Source link The unprecedented step would push countries to use alternative currencies, Robert Shiller has warned The dollar’s standing as a reserve currency would be jeopardized if the West confiscates frozen Russian assets to aid Ukraine, Nobel Prize-winning economist and Yale University professor Robert Shiller said in an interview with Italian news outlet La Repubblica […]