A note on the $300 billion Russian assets frozen in Western banks
Posted on 22 Feb 2025; 05:00 PM IST. Last Updated 22 Feb 2025; 05:00 PM IST.Summary: This article provides an insight on the $300 billion Russian assets frozen in Western banks.
The original idea or plan for holding $300 billion of Russian assets in Western banks, was to ensure that Russia does not terminate the energy (gas) supply to EU abruptly, and create a major turmoil in the EU economy.
US and EU subsequently found a clown a way out, to self-inflict, the torturous pain upon themselves.
So, the $300 billion Russian assets, which were deposited/created only to ensure smooth bilateral business transactions, must be returned back to Russia. These assets cannot be reutilized by EU, to finance wars.
The Russian assets (especially Gold), could be held in Western banks, only if there is a serious intent, to re-establish the Nord Stream gas lines.