Actually, is it right for the US and the west not to allow Russia to withdraw its foreign reserves?

[greentiger]

Not talking about the merits of the Ukraine war here.

But is it right for the US and the West not to allow Russia to withdraw its foreign reserves?

It is equivalent to a bank not allowing you to withdraw your fixed deposit.

The money is legally yours right?

So in future, they can do the same thing to other countries as well?

 

[greentiger]

On Monday, the U.S., Japan, and the European Union barred Russia’s central bank from tapping into the billions of foreign reserves Moscow had been saving up in their banks.


https://fortune.com/2022/03/03/russia-sanctions-central-bank-ruble-us-eu-foreign-reserves/

 

[chan_hi97]

They can buy yuan reserves for all the western countries care but they didn’t so LLST ah. People currency, they can control. XJP won’t let RMB become Euros, for fear of loose controls

 

[mooseolly]

TS want them to withdraw and finance their war machine?

 

[Cometdevil]

Same logic as a sanction. You are being punished

 

[greentiger]

China has the world's largest foreign reserves.

So in future, the US and western countries can do the same thing?

 

[hachi]

On Monday, the U.S., Japan, and the European Union barred Russia’s central bank from tapping into the billions of foreign reserves Moscow had been saving up in their banks.


https://fortune.com/2022/03/03/russia-sanctions-central-bank-ruble-us-eu-foreign-reserves/

Asking for trouble? If I saved so long and now wanna spend it... And have the power to make you knee down... What should I do? Not cpf you know... Hahahhaha

 

[smellyfish]

Actually that is an act of war in its own right. It’s like the bully take your pencil box, take your bus pass, scold and insult you but keep saying “我没有打你hor 我没有打你ho r“

 

[tankgunner]

this reminds me of our CPF

 

[hachi]

The more you don't want to get involved... The easier you will get pulled in.. The other 2 sitting at side line waiting to check mate... Hahahah getting interesting...

 

[hachi]

Russia is now deemed as criminal, criminal has limited rights.

Hahahha there is no prison.. And this criminal can slit your throat anytime...

 

[junjie433]

Not talking about the merits of the Ukraine war here.

But is it right for the US and the West not to allow Russia to withdraw its foreign reserves?

It is equivalent to a bank not allowing you to withdraw your fixed deposit.

The money is legally yours right?

So in future, they can do the same thing to other countries as well?

Maybe can confiscate and become free money like how the govt confiscate those Russian billionaires' assets.

 

[Yueming]

Not talking about the merits of the Ukraine war here.

But is it right for the US and the West not to allow Russia to withdraw its foreign reserves?

It is equivalent to a bank not allowing you to withdraw your fixed deposit.

The money is legally yours right?

So in future, they can do the same thing to other countries as well?

why need to follow rules to play with someone who don't abide by rules?
as it is........no rule of law should apply over all parts of russia anymore imo. every nation should be free to do what they want.
If china now decides to invade russia, i won't feel any sympathy. unless Russia withdraws and recognizes Ukraine sovereignty and gives back all the other 3 areas.
leave a country to run on it's own unless it's own ppl asks for help

 

[xllms]

China has the world's largest foreign reserves.

So in future, the US and western countries can do the same thing?

As long as all the sheeps obey and listen to big bro US and western kah kias, who r u to stop them from doing any thing, regardless right or wrong, moral or immoral?

 

[NOfLine]

It's just another big politics chess board move. No right or wrong just win or loose.

 

[hg2]

Not talking about the merits of the Ukraine war here.

But is it right for the US and the West not to allow Russia to withdraw its foreign reserves?

It is equivalent to a bank not allowing you to withdraw your fixed deposit.

The money is legally yours right?

So in future, they can do the same thing to other countries as well?

Nobody in Reddot deposit $$$ in Russia bank.... that will be worst than scam...
like you give money to mafia and expect the mafia to return you the money ? sinkies are not that naive right ?

 

[NIC]

Sure like what US did to Afghanistan

https://www.google.com/amp/s/amp.th...b/11/biden-7bn-frozen-afghan-reserves-taliban

 

[attitudel]

Restrict state money still understandable since it’s war, all sort of despicable methods also can use. But to restrict ordinary russian citizens from withdrawing is really new low.

 

[Some-one]

Wu Ji, Russia should shoot a missile to the US

 

[Hafi]

take down my note: when the social credit system is established and digital currency introduced, you can be denied your funds (cut off) anytime based on your credit standing.

This is where the world is leading to right now.