Yellen Urges EU Allies to Act Jointly on Frozen Russian Assets
- US Treasury secretary speaks ahead of G-7 finance meeting
- Yellen urges continued crackdown on Russia sanctions evasion
Janet Yellen
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Treasury Secretary Janet Yellen urged European allies to act together with the US to find a way to unlock the value of around $280 billion in frozen Russian assets so they can provide sustained financial support to Ukraine.
“It’s vital and urgent that we collectively find a way forward to unlock the value of Russian sovereign assets immobilized in our jurisdictions for the benefit of Ukraine,” Yellen said in excerpts of a speech on the transatlantic alliance she’s set to deliver Tuesday in Frankfurt.