US Will 'Break the Global Financial System' If It Sends Frozen Russian Assets to Ukraine

Late last week, it was reported in US media that some top Republicans in the US House of Representatives were developing a plan that would loan Ukraine money from the $300 billion in Russian assets that were frozen by the United States following the start of the special operation in Ukraine.

Giving Russia's seized assets to Ukraine would break the global financial system, journalist and author Dan Lazare told Sputnik’s The Critical Hour on Tuesday. He also warned that it would be the equivalent of the United States declaring war on Russia.

“It’s a very dangerous step,” Lazare warned. “It’s really quite amazing that the whole system is just running downhill at a remarkably increasing speed… [seizing Russian assets] will spook Saudi Arabia and it’ll spook China. The whole global financial system sort of rests on a kind of lawful sense of cooperation, but if you break that you break the whole system.”

“It’s kind of a declaration, it’s a widening of the war [and] it’s a declaration of war on Russia by the United States,” he added later.