"US Considers Utilizing $300B Russian Assets to Aid Ukraine, Potential Repercussions"

President Biden is considering using $300 billion in frozen Russian assets to support Ukraine, as Western support for the country appears to be waning. However, critics warn that this move could undermine the global financial system and erode trust in depositing reserves with other nations. There are concerns that seizing these assets could set a precedent for other countries to do the same, potentially impacting the status of the dollar and euro as reserve currencies. Legal debates also surround the move, as the assets are protected under sovereign immunity rules. The decision on whether to proceed with the plan has not been finalized.