Kremlin: U.S. transfer of confiscated funds to Ukraine will backfire

“The Kremlin on Thursday criticised a decision by the United States to transfer to Ukraine the confiscated assets of conservative Russian businessman Konstantin Malofeyev, saying it was illegal and would backfire on Washington.”

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

2 thoughts on “Kremlin: U.S. transfer of confiscated funds to Ukraine will backfire

  1. I do not have a problem with it, regardless of what effect it has on the use of the U.S. Dollar as the world reserve currency. The U.S. definitely needs to resume responsible finance at the individual, corporate and government level and IMO it should not treat savages with favored nation status.

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