naturalgasbadBiden Administration Backs Legislation to Seize Frozen Russian Assets
This is one of those actions that is completely understandable and unambiguously a moral decision, but the blowback has the potential to upened the entire post-WW2 American centric global financial order. Maybe for the better, maybe for the worse, but that’ll probably depend alot on what your vantage point is.
If world trade bypasses US-dominated institutions, then the only leverage the Americans have is their military. And that doesn’t bode well for civilian rule.