The United States moved to de facto steal the money that belongs to Russia via a scheme ostensibly meant to aid Kiev.
The new $50 billion Western loan to Ukraine, $20 billion of which is going to be backed by the profits accrued from the Russian foreign assets that were frozen by Washington and its allies following the escalation of the Ukrainian conflict in February 2022.
While the Biden administration attempts to portray this move as an effort to have Russia rather than US taxpayers bear the burden of the US financial aid to Ukraine, Russia has been quick to point out that this whole plan is nothing more than an outright theft of Russian money.
Acts like these is what essentially drives Russia and other BRICS states to pursue a new settlement and payment infrastructure that would allow transactions in national currencies.
Such system would bypass the use of US dollars or euro, thus protecting the system’s users from Washington and Brussels to using their respective currencies as a political instrument.