NYT: The US was afraid of the consequences of the confiscation of Russian assets

Flag of the United States of America. File photoWASHINGTON, Jun 1The US authorities fear that a possible confiscation of the frozen assets of the Central Bank of Russia will undermine the status of the States as a reliable investment partner in the eyes of other countries, the New York Times writes, citing sources. United States» due to the legal and reputational implications the country would face in such a scenario.Western sanctions target Russians, Medvedev said «Senior officials in the Joe Biden administration have warned that the withdrawal of these funds may be illegal and prevent other countries from further relying on the US as a country to hold investments,» the publication says. The NYT notes. that, unlike many countries in Europe openly calling for the use of frozen Russian assets for financial assistance to Ukraine, the United States is “much more cautious” in this matter. including in dollars and euros, which Moscow placed before the invasion of Ukraine. Only part of these funds are held in the United States, while the majority is deposited in Europe, including at the Bank for International Settlements in Switzerland. according to the newspaper, they tend to believe that the confiscation of Russian assets could push central banks other countries to reorient their assets from dollars to other currencies. In her recent speech, US Treasury Secretary Janet Yellen said she did not know whether the frozen assets of the Russian Central Bank could be redirected to help Ukraine. The US government has repeatedly stressed that they have not yet made a decision on this issue. Western countries have imposed new sanctions against Moscow after the start of a special operation by the Russian army to demilitarize and denazify Ukraine. So, Russian reserves were frozen in the amount of about 300 billion dollars. In a number of countries, as part of the sanctions policy, decisions are also being made to freeze the assets and real estate of Russian businessmen. Ukrainian Foreign Minister Dmitry Kuleba previously asked the G7 countries to pass laws that would allow them to confiscate Russian assets and transfer them to Kiev. President Vladimir Putin has said that the policy of containing and weakening Russia is a long-term strategy for the West, and sanctions have dealt a serious blow to the entire global economy. According to him, the main goal of the United States and Europe is to worsen the lives of millions of people. He added that current events draw a line under the global dominance of the West in both politics and economics. According to him, Russia is not going to isolate itself and it cannot be strictly isolated in the modern world. USA in Ukraine