What’s G7 Doing with $300 Billion Confiscated Russian Assets?
The U.S. proposed G7 to confiscate $300 billion in Russia n assets in December 2023. The move was implemented to crush Russia ’s ability to grow stronger in the war against Ukraine. The $300 billion in Russia n assets that G7 froze were in the form of bonds, cash, and other assets. Now that G7 successfully froze $300 billion in Russia n assets, where did all the money go? Who holds the major part of it and where is it held currently? In this article, we will highlight what the U.S. and G7 did with the billions worth of frozen Russia n assets. Also Read: BRICS Gold-Backed Currency to Launch at 2024 Summit? Who Holds $300 Billion in Frozen Russian Assets: G7 or the U.S.? Source: Moneycontrol Much debate was made about what to do with the $300 billion frozen Russia n assets by G7 and the U.S. Once frozen, it remains clear that the money will not go back to Russia , and G7 and the U.S. will have to decide what to do with it. Also Read: Petrodollar Died This Month, Not the US Dol...