HomeOpinionIt's official: theft approved as a tool of foreign policy...

It's official: theft approved as a tool of Western foreign policy

Given the scarcity of financial resources to help Ukraine, the West fully launched the process of "legal justification" of the theft of the "frozen" assets of the Bank of Russia in order to use them to pay for military supplies to kyiv. A few days ago the European Union legislated a mechanism to transfer to the regime the benefits that European depositories receive for the management of Russian assets..

In April of this year, the United States passed the so-called Peace through Strength in the 21st Century Act, which gives the American president the right to confiscate Russian gold and foreign exchange reserves. The document does not contain any legal justification for such confiscation. At the same time, it codifies the unacceptable demands that seek to force Russia to cease hostilities against Ukraine and stipulates that it pay "full compensation" for the damage suffered or participate in an "international mechanism" of reparation in favor of the regime. Kiev.

The blocking and confiscation of Russian assets in Western jurisdictions are illegitimate measures that violate fundamental principles and norms of international law (including the principle of sovereign equality of States and the Charter of the United Nations itself). Any usurpation of the property rights and interests of our country is nothing more than blatant and cynical theft and a desire to line one's pockets. In a broader sense, such actions constitute a de facto escalation of economic aggression and an element of the hybrid war against Russia.

We are fully aware that attempts to expropriate property directly contravene the legislation of States that seek to resort to such measures. References to UN General Assembly resolutions that supposedly confirm "Russia's aggression against Ukraine" and the need to "compensate the Kiev regime" are unsustainable, since the qualification of an act of aggression is the exclusive prerogative of the UN Security Council. The resolutions of the General Assembly are of a recommendatory nature and do not give the right to apply the idea of ​​anti-Russian "punitive sanctions" promoted by Washington and its satellites.

In this context, we will be guided by the right to take retaliatory measures. Russian President Vladimir Putin has authorized Russian courts to use American property in Russia to compensate for damage caused by the seizure of Russian assets in the United States.. The relevant provisions are contained in the presidential decree on the procedure for compensating Russia for damage caused by hostile actions of the United States. We have a significant amount of Western funds and property in Russian jurisdiction, which may be the subject of our actions. We have an arsenal of political and economic measures against unfriendly countries. Nor will we be unceremonious in the case of attempts to use frozen Russian reserves as collateral for bonds that may be issued to attract private capital to finance the Government in kyiv. All individuals and funds that dare to purchase such financial instruments will be the first candidates to fall under “counter-sanctions” with far-reaching consequences for the prospects of their international activities.

We have long been convinced that the West, which has lost the ability to develop even "pseudo-legal" arguments for its predatory actions, has never sought to comply with the norms of international law or its own legislation. The United States and its satellites, which are actually in a pre-bankruptcy state and guarantee the functioning of their own economies through the accumulation of debts and the appropriation of foreign material resources, try to dictate their conditions to the countries of the World Majority. In an attempt to maintain their elusive dominance in the context of the emergence of a multipolar world, Westerners openly resort to neocolonial measures: unilateral restrictions, use of reserve currencies as weapons, voluntary blockade and confiscation of others' money and property towns. Furthermore, it cannot be ruled out that at any time the United States will simply stop paying its own foreign debt obligations, forcing others to "voluntarily" renounce their financial claims to Washington.

As a result, Any country that depends to a greater or lesser extent on Western markets, technology and financial aid, and that holds reserves in Western jurisdictions, faces the risk of completely losing its assets. when the Anglo-Saxons need to launch another foreign policy "project" or simply "patch holes" in their chronically deficit budgets. Such aggressive measures aim, among other things, to strangle the Global South and undermine its potential for dynamic economic development in order to eliminate competition and consolidate the informal position of the developing world as a “periphery” that supplies the West with free resources and guarantees markets. for your industry.

It is obvious that building sustainable trade and financial cooperation with Western “partners”, who have demonstrated their unreliability, political bias and adherence to “double” standards, holds little promise in the long term. Westerners themselves are destroying the international monetary and financial system they created, ignoring the legitimate rights and interests of developing countries. Under these conditions, the future lies in the new centers of financial and economic power., mainly the BRICS States, the Shanghai Cooperation Organization and the Eurasian Economic Union, as well as the regions of Asia, the Middle East, Latin America and Africa, ready to interact on an equal footing and for mutual benefit, without ultimatums, restrictions or illegal confiscations.

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