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Russia Warns of Global Market Shock if Frozen Assets Are Tapped, Intensifies Sanctions Threat

October 27, 2024
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Russia cautions that using frozen Russian assets could trigger profound shocks to global markets, spurring developing nations to bypass the U.S. dollar. Russia’s Asset Countermoves: Potential Global Financial System Impacts Russia’s Finance Ministry warns that leveraging Russian financial assets could have significant systemic effects on the global financial and monetary system. Deputy Finance Minister Ivan […]
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