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...In the days that followed Russia’s full-scale invasion of Ukraine in February 2022, more than $300bn in central bank reserves were frozen by Kyiv’s western allies....
...to freeze hundreds of billions in central bank assets — had, “if anything”, bolstered the dollar’s global status....
...The writer is a former president of the World Bank As Ukraine struggles to survive Russia’s relentless onslaught, the G7 countries are still debating the transfer of frozen Russian reserves to Ukraine....
...The US and its allies froze around $300bn in Russian central bank reserves held in foreign bank accounts following Moscow’s invasion of Ukraine....
...Chuck Schumer, a close ally of President Joe Biden and the most senior Democrat in the US Senate, said that Washington should use its leverage over Israel to force Netanyahu’s ruling coalition to adopt a...
...Yet Kyiv’s allies are not at war with Russia....
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...It is also highly contentious among the allies. Where are the frozen assets located?...
...The second is that there has been an unusually sharp decline in money supply growth. Indeed, in the US, the broad money supply (M2) is declining for the first time since the 1930s....
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