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IMF Acknowledges Russian Assets’ Confiscation Might Undermine the World’s Financial System

IMF Acknowledges Russian Assets’ Confiscation Might Undermine the World’s Financial SystemThe IMF has expressed its concerns about the possible outcome of the confiscation of Russian assets abroad as a consequence of the ongoing military conflict between the nation and Ukraine. Julie Kozack, a spokesperson for the institution, called for these actions to have a proper justification to avoid threatening the world’s financial system. IMF Calls […]

German banking giant develops Ethereum L2 using ZKsync

Bank of Russia Dismisses US Asset Confiscation Effects on Russia’s Economic Stability

Bank of Russia Dismisses US Asset Confiscation Effects on Russia’s Economic StabilityThe Bank of Russia has dismissed the effect that a future confiscation of Russian assets in the U.S. might have on the nation’s economic stability. Elvira Nabiullina, governor of the bank, stated that Russia has been diversifying its asset portfolio for many years and that the assets to be seized weren’t in use anymore. Bank […]

German banking giant develops Ethereum L2 using ZKsync

Analysts: Confiscation of Russian Assets in the US Would Supercharge De-Dollarization

Analysts: Confiscation of Russian Assets in the US Would Supercharge De-DollarizationAnalysts are pondering the effects of the approval of the Rebuilding Economic Prosperity and Opportunity (REPO) Act by the U.S. House. The execution of seizures for over $6 billion of Russian assets held in U.S. institutions would “supercharge” the de-dollarization efforts of several nations. This is due to the possibility of having their assets seized […]

German banking giant develops Ethereum L2 using ZKsync