International desk: America and European countries are planning to seize 30 billion dollars of Russian assets to cover the war expenses in Ukraine. The US daily New York Times gave this information in a report on Friday.
According to the newspaper, the Russian central bank is in favor of confiscating 30 trillion dollars from Western banks in which they have deposited their assets under the administration of President Joe Biden.
The US administration has started urgent talks with its allies to implement this plan.
The talks come as the Biden administration’s funding for the war in Ukraine has been slashed.
It has been reported several times recently that the Biden administration does not have enough money to pay Kiev for the war in Ukraine.
Earlier, US Treasury Secretary Janet Yellen had been talking about legal conservatism in seizing Russian assets.
He said Russian funds cannot be seized under US law without action by Congress. There is also concern among some high-ranking US officials that countries around the world will hesitate to keep their funds in the New York Federal Reserve or in dollars if Russian money is frozen.
