China 'Warns' the West Regarding Putin and the Confiscation of Russian Assets

Written by Henrik Rothen

Feb.14 - 2024 10:18 AM CET

Photo: Kremlin
Photo: Kremlin
China Advises the West Regarding Putin and the Confiscation of Russian Assets.

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The United States is rightly concerned about the consequences of confiscating Russian assets. This is the opinion shared by Chinese journalists.

Recently, the West has been increasingly discussing the possibility of confiscating Russian assets that were frozen as a result of sanctions. Several action plans are being considered, and all of them appear quite problematic in terms of international law. Chinese journalists believe that if the US and its partners have decided to engage in this game, they should know something about Russia and its President Vladimir Putin, as reported by Sohu according to AB News.

"The idea of confiscating Russian assets is extremely dangerous. The appropriation of Russian Federation property will inevitably cause strong dissatisfaction in Moscow," the Chinese publication's observers note.

Even in Western countries, there are significant doubts about the necessity of "stealing" money from Russia. There are fears that such a step will provoke indignation not only in Russia but also in a large number of other countries. These countries might lose trust in the Western financial system and begin to withdraw their assets from American and European banks.

Sohu analysts highlight that the West could attempt to carry out its plans, but before doing so, it should carefully weigh all considerations. Against this backdrop, Chinese journalists have given advice to the US and its partners regarding Russia and its president.

They believe that it is not wise to provoke them.

"If Western countries truly intend to take these assets from Russia, acting like true bandits, they must clearly understand the consequences. Such actions will anger Putin," China believes.

The US and the EU have frozen Russian assets amounting to $300 billion, however, the West's losses from confiscating these funds will far exceed any potential profit.