President Joe Biden’s administration is backing legislation that would let it seize some of $300 billion in frozen Russian assets to help pay for reconstruction of Ukraine, a shift as the White House seeks to rally support in Congress to further fund the war against Vladimir Putin’s forces.
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.
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.