The potential confiscation of Russian assets abroad could lead to the collapse of the international system of political economy, Financial Times reported on Tuesday, citing analysts.
An outright seizure of Moscow’s wealth would be viewed as crossing a political Rubicon, according to Simon Hinrichsen, a visiting fellow at the London School of Economics, as quoted by the media.
“It would essentially be an action that does away with the international political economy system we have set up over [recent] decades,” the economist said.
Earlier in the day, German Finance Minister Christian Lindner told the business daily Handelsblatt that he was open to the idea of seizing Russian state assets to finance the reconstruction of Ukraine. Linder also called for assessing the legal possibilities for seizing the foreign assets of the Russian Central Bank.
While…
