RE: Peace summit talks25 Feb 2024 20:18
International banks have warned British authorities that they will face negative consequences from the confiscation of Russian assets.
According to Bloomberg, banks fear that this unprecedented decision will damage London's reputation, cause a shock to the global financial system, and lead to litigation.
In addition, financiers want to receive guarantees of protection in the event of any future claims from Russia.
They also urged London to take into account the inevitable pressure on banks' liquidity due to sudden demands for cash and the panic of foreign investors due to the confiscation of other people's assets - then they will withdraw all their money from British banks.
What this article indicates that the West knows Ukraine is about to collapse and the West are simply going to abandon the Ukraine project