Russia Warns: $590 Billion of Other Nations' Money Now Frozen in the West

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Russia Warns: $590 Billion of Other Nations' Money Now Frozen in the West
Russia's top security official accused Western nations of hypocrisy on Wednesday, claiming their support for Ukraine is prolonging the conflict. Sergey Shoygu, head of Russia’s Security Council, also warned other countries to reconsider keeping their assets in the West, stating that $590 billion belonging to nations other than Russia is now effectively frozen. Shoygu argued that the West’s actions reveal a double standard, as it freezes foreign reserves while claiming to defend financial stability.