Bad-Ass Treasury Secretary Janet Yellen has called for unfreezing Russian Central Bank assets seized after Russian forces invaded Ukraine in their resource-driven war by Vladimir Putin. The assets have become an active discussion among many of the powers that be as an alternative to financing the defense and reconstruction of Ukraine after Republican traitors in the US House and Senate refused to fund the war effort.
This follows action by the United States Department of Justice to send 500,000 USD to Ukraine via Estonia less than one week ago.
Dark Brandon is not fucking around or suffering one single MAGA fool.
WASHINGTON (AP) — Treasury Secretary Janet Yellen on Tuesday offered her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraine's long-term reconstruction.
“It is necessary and urgent for our coalition to find a way to unlock the value of these immobilized assets to support Ukraine’s continued resistance and long-term reconstruction,” Yellen said in remarks in Sao Paulo, Brazil, where Group of 20 finance ministers and central bank governors are meeting this week.
“I believe there is a strong international law, economic, and moral case for moving forward. This would be a decisive response to Russia’s unprecedented threat to global stability," she said.
She made her announcement in Sao Paul Brazil at the G20. Two-thirds of Russia's assets held by the West are in Europe.
Yellen said Tuesday that it is “extremely unlikely" that tapping the frozen funds would harm the dollar's standing in the global economy "especially given the uniqueness of the situation where Russia is brazenly violating international norms. Realistically there are not alternatives to the dollar, euro and yen,” Yellen said.
From her Twitter account:
and I are committed to doing more, alongside our allies and partners, to support Ukraine’s heroic resistance and deprive Russia of the resources it needs for its war. The House must act to maintain support for Ukraine—to protect our national security and our values.