What's even funnier is that the West is digging yet a deeper hole for themselves by 'freezing' and talking about 'confisating' Russian funds from European banks.
It is actually stealing (mostly from Russian Oligarchs, so the Russian government does not give a hoot AND it won't affect the outcome of the war).
People see that theft. And they will no longer trust the bank, if it allows the avowed Nazi Ursula to take whatever she wants. So, fund managers look for 'safer' banks. Some of them will risk the London swamp (remember Brexit), others will choose BRICS banks.
What's even funnier is that the West is digging yet a deeper hole for themselves by 'freezing' and talking about 'confisating' Russian funds from European banks.
It is actually stealing (mostly from Russian Oligarchs, so the Russian government does not give a hoot AND it won't affect the outcome of the war).
People see that theft. And they will no longer trust the bank, if it allows the avowed Nazi Ursula to take whatever she wants. So, fund managers look for 'safer' banks. Some of them will risk the London swamp (remember Brexit), others will choose BRICS banks.