US pushing G7 members to devise ways to tap Russian frozen assets ...News

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US pushing G7 members to devise ways to tap Russian frozen assets
Western allies are looking for “viable” options to expropriate the funds, US Treasury Secretary Yellen has said The US and its allies will keep seeking a “firm” legal rationale to underpin plans to confiscate frozen Russian assets, US Treasury Secretary Janet Yellen told Reuters on Thursday. In an interview held shortly after a meeting of the Group of Twenty finance ministers in Brazil, at which Western allies failed to seal a deal to aid Kiev using Russian funds, Yellen said that any such action would need an airtight legal basis. She noted that despite skepticism from some EU countries about asset seizure, there

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