the assets US had seized were treasury bonds that allows Russia to hold USD. because of the seizing of these assets, now all countries are already thinking US may also seized their assets. and so the reason why they are all dedollarizing. the result is that US are now finding it hard to sell these bonds.
i guess the dedollarization is justified too as BRICS nations are all up to it. what Russia seized are Blackrock assets in Ukraine.
Let's go through the chronology:
since 2014, Russia has seized and taken (stolen) . Here is a list of UKRAINIAN assets, not blocked, but primitively stolen:
Luhansk Electromachinery Plant. Status: stolen for scrap metal, part of the equipment exported to Russia
Luhansk Machine-Building Plant (Luhansk Machine-Builder-43) Condition: destroyed, equipment taken to Russia.
Stakhanov Ferroalloy Plant Status: militants' base on the territory. Part of the equipment was taken to Russia, cut into scrap metal and melted down at the Alchevsk Iron and Steel Works;
Stakhanov Carriage Works Status: on the territory of militants' base, the equipment was taken to Russia.
Yasynuvata Machine-Building Plant Status: destroyed, equipment taken to Russia.
Topaz Holding Company Status: fortified area, militants' base, all equipment taken to Russia.
Lutuhyne Research and Production Rolling Plant Status: plant destroyed, equipment taken to Russia.
Luhansk Cartridge Plant Status: terrorists' equipment repair base, deployment point, all equipment taken to Russia.
Machine-building plant "100"[1] Status: 90% of the equipment has been taken to Russia, a militant base.
Yunist plant Krasnodon-Luhansk Status: militants' base, equipment completely removed to Russia.
Luhansk chemical and pharmaceutical plant[2] Status: the plant was destroyed, equipment was taken to Russia.
Luhansk plant of heat engineering equipment[3] Status: the plant was destroyed, the equipment was taken to Russia
Luhansk Automobile Valve Plant[4] Condition: stolen, cut into scrap metal
Luhansk Automobile Radiator Plant Condition: looted, cut into scrap metal
Khartsyzsk Machine-Building Plant Status: plant destroyed, equipment exported to Russia
"LugaTerm Condition: stolen for scrap metal, part of the equipment exported to Russia
Donets State Enterprise is known for its technology for growing crystals for the microelectronics industry. Status: exported to Russia;
Polypak enterprise Status: exported to Russia;
Marshal Plant Status: exported to Russia; the plant has a repair base and artillery parking lot;
Luhansk Pipe Rolling Plant Status: production has been halted, the plant is being cut for scrap metal;
Vtorchermet Plant Status: completely sawn up for scrap;
Bryansk Ore Repair Plant (in the town of Bryanka) Status: completely sawn up for scrap;
Chornukhino traction rolling stock depot (the so-called "car depot") Condition: cut up for scrap metal (including railcars and access roads);
Luhansk Foundry and Mechanical Plant Condition: cut into scrap metal
Rolled metal products plant "ProkatService" Condition: the plant was destroyed and the equipment was taken to Russia.
Autoclave plant Condition: stolen, cut into scrap metal
Luhansk Aircraft Repair Plant Status: taken to Russia.
And this is in addition to looted museums, banks, apartments and homes of Ukrainians....
Do you still think that the actions of the US and EU to block Russia's assets are unfair?