HomeWorldThe war against Russia is also economic

The war against Russia is also economic

The next summit of presidents, heads of state and government of the G 7, scheduled to take place between the 13th and 15th of this month in Apulia, Italy, could set a dangerous precedent if, as it is on the table, it is approved the United States proposal to use funds from Russian assets, illegally frozen by Western countries, to finance Volodymyr Zelensky's regime in Ukraine.

At the end of May, the finance ministers of Germany, Canada, the United States, France, Italy, Japan and the United Kingdom – the richest nations on the planet – met in Stresa, on the shores of Lake Maggiore in northern Italy, to advance in the way in which they will use those funds that they have confiscated under the excuse of special military operations initiated by the Russian Federation two years ago.

In April, US President Joe Biden signed the Peace through Strength in the 21st Century Act, which grants him the right to confiscate Russian gold and currency reserves, while the aggression of the rest of the member countries of NATO has not limited itself to the economic aspect, but has explicitly escalated to the military level, by allowing the Ukrainians to use their weapons on Russian territory.

Reply. Of course, the Russian Government has not stood by: also at the end of May, President Vladimir Putin signed the decree allowing the use of US property and assets within his country to “compensate for damages.” for the “unfriendly actions” of the North American nation.

Through such legal instrument, the president ordered to determine the procedures for compensation for damages, "in case of unjustified deprivation of property rights to Russian owners."

That includes real and personal property, securities and shares of Russian legal entities, owned by American individuals or the United States Government itself.
Illegitimate measures. The ambassador of the Russian Federation in Venezuela, Sergey Mélik-Bagdasárov, emphasizes that “the blockade 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 brazen and cynical theft and a desire to line one’s own pockets.”

The diplomat emphasized that “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 the States that intend to resort to such measures,” added Mélik-Bagdasárov.

“References to UN General Assembly resolutions, which 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 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,” he pointed out.

For this reason, the ambassador assures, “we will be guided by the right to retaliate. President Vladimir Putin authorized courts to use US property to compensate for damages from the seizure of our US assets. We have a significant amount of Western funds and properties, in Russian jurisdiction, that may be the subject of our actions. "We have an arsenal of political and economic measures against unfriendly countries."

“We will take all your assets”

Caracas. After the signing of the decree by President Vladimir Putin that allows Russia to dispose of United States assets in that country as a reciprocal measure in the face of the threat of misappropriation of the Eurasian nation's reserves and currencies, its Minister of Finance, Anton Siluanov was as specific as he was forceful:

“If they take our property, that is, the funds, the reserves that Western countries want to seize or use the profits (generated by frozen Russian assets), we will respond in the same way, we will take all those assets that Western countries they have in Russia,” he declared days ago.

“We were not the ones who started it, (we are only) responding with the same measures to the decisions of Western countries,” he concluded.

There are 300.000 billion dollars in assets of the Central Bank of Russia that have been frozen by the United States, Canada, Japan and the member countries of the European Union, of which some 200.000 billion are in Europe.

Nothing very different from what they have done with many assets of the Venezuelan State, kidnapped or plundered in recent years by the American nation and its allies.

The US and its satellites on the brink of bankruptcy

Ambassador Sergey Mélik-Bagdasárov claims to be 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.”

He further maintains that “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 – attempt to dictate their conditions to the countries of the world majority", so "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 , blockade and confiscation of the property of other peoples.”

The diplomat advances that "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."
He ends by warning about the risk that countries that have reserves in Western jurisdictions run of losing them, “when the Anglo-Saxons need to launch another foreign policy project.”

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