The US froze Russia's assets because Russia invaded Ukraine.
The US has also frozen Afghanistan's assets because the US invaded Afghanistan.
What did I miss?
https://www.bloomberg.com/news/articles/2021-08-17/u-s-freezes-nearly-9-5-billion-afghanistan-central-bank-assets
https://www.aljazeera.com/economy/2021/8/18/us-freezes-afghan-central-banks-assets-of-9-5bn
Comments
Oh ya 4 year ago
The US proved to the world it is not safe to leave FX reserves anywhere the US can grab them. This is a sign of a failing country and it is a very big sign of a end to being a country in charge of the world reserve currency. We see now that many countries are doing trade in there own currency and now bypassing the USD. Saudi just made a deal with China on buying oil in Yuan and put the US on notice that the petro dollar is finished. Saudi also just signed a defense agreement with Russia, basically ending the defense agreement with the US, because of the 84 billion worth of arms the US left in Afghanistan which is a enemy of Saudi. When the US officially loses world reserve status Americans will not believe the inflation thatv they will face as all those USD come back to the country