Quote:
Originally Posted by CorsiHockeyLeague
The whole conversation about freezing Russian assets abroad is one that I'm not well versed in, but it seems, on its face, to be a very effective and relatively easily implemented bit of pain that could be brought to bear. But it seems like the consensus is that it's not something that Western powers (or Eastern ones, for that matter) are likely to be willing to do? Why is that? Is the blowback from that in terms of retaliatory seizure of property, or something else, greater than I'm imagining it to be or am I missing something?
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Maybe a cynical take, but there are lots of people who benefit from all that Russian money in London, New York, etc. If it gets cut off, who’s to say Saudi money might not be next? Or Chinese?
This is big money we’re talking about. It creates powerful interests in the hands of everyone it passes through - banks, property owners, government coffers. Globalized megacities owe a considerable share of their affluence and status to being safe havens for dirty money.