"Turning the Tables: Using Russia's Frozen Assets to Support Ukraine"
TL;DR
The REPO Act, which would allow the US to seize and transfer Russia's frozen sovereign assets to Ukraine, is criticized as an act of economic war that could backfire. Critics argue that this move could escalate tensions with Russia, hinder prospects for peace, and damage US credibility in the global economy. They warn that such actions could lead to retaliation, de-dollarization, and a broader erosion of international law, ultimately advocating for the rejection of the bill as a step towards fixing broken foreign policy.
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- Seizing Russia's Frozen $300 Billion Is Legal, Urgent and Right Bloomberg
- EU takes first step to use Russia's frozen assets for Ukraine Reuters
- The plan to make Russia pay for Ukraine's weapons ABC News
- Immobilised Russian assets: Council decides to set aside extraordinary revenues Présidence française du Conseil de l'Union européenne 2022
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