this post was submitted on 10 Jan 2024

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Biden Administration Backs Legislation to Seize Frozen Russian Assets (www.bloomberg.com)

submitted 10 months ago by naturalgasbad@lemmy.ca to c/worldnews@lemmy.ml

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[–] disablist@lemdro.id 12 points 10 months ago* (last edited 10 months ago)

The blowback I'm referring to wouldn't be kinetic, it'd the loss of the monetary hegemony provided by American lead banking system and the USD being used as the global reserve currency.