Russia Just FROZE All EU Bank Assets... What the Hell Is Going On?

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Russia’s freezing of EU bank assets is a response to Western sanctions, particularly the EU’s freezing of $300 billion in Russian assets for Ukraine's reconstruction. Major EU banks, including Austria's Raiffeisen, are caught in the crossfire. The U.S. fears it could be next, as Russia moves trade with China to rubles and yuan, challenging the dominance of the U.S. dollar.