Russia’s Deputy Foreign Minister, Sergey Ryabkov, warns that America should not believe Russia is holding onto friendly relations, emphasizing their stance on diplomacy with the U.S.
Russia-Ukraine war. (PHOTO: pravda)
According to a New York Sun report, Russia is threatening to cut ties with the U.S. while Washington thinks about plans to take $300 billion worth of Moscow’s foreign funds. Western leaders are looking at these frozen reserves in American, British, Swiss, and EU banks as possible help for Ukraine, which has made things more tense. The Kremlin’s threat comes at a time when Washington and Brussels are fighting over politics, which has caused $104 billion in aid to Ukraine to be delayed. The situation could get worse, which would hurt Russia’s $563 billion in foreign funds and make it harder for President Putin to win re-election.
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The fear of taking away assets and Putin’s recent theft of foreign investments make things more difficult in the diplomatic world. The Biden administration’s deadline in mid-February for a unified confiscation plan with Europe could make things worse. The annual Munich Security Conference in mid-February will talk about possible consequences. Britain’s push for a group “legal route” for seizing Russian stocks makes things more complicated and shows how extreme measures are needed in extreme times. Legal action is being thought about, but there are still worries about how this will affect trust in Western banks around the world. There is a lot at stake as Western leaders try to figure out how Russia’s actions will affect world politics and the war in Ukraine.
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