Russian assets freeze has backfired on the West
Putin echoed this sentiment during a recent visit to Belarus, warning that the 'theft' of Russian assets would prompt other countries to abandon Western financial institutions. 'This shift will undoubtedly be irreversible,' he said. 'Overall, it would benefit the global economy. Perhaps it's even worth the cost.'Moscow has repeatedly warned that seizing its funds would violate international law. Legal and political concerns - particularly over sovereign immunity and property rights - have so far prevented the EU from endorsing full confiscation.
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