A U.S. proposal to utilize the future interest from approximately $300 billion in frozen Russian assets to support Ukraine is gaining traction among G7 officials. This approach, which avoids direct seizure of the assets, is seen as a viable solution to aid Ukraine's war effort. Concurrently, the Biden administration, as part of a broader $95 billion aid package, is considering measures to potentially seize up to $5 billion in Russian assets within the U.S. to fund Ukraine. U.S. Treasury Secretary Janet Yellen emphasized that no options are off the table in dealing with these assets and that this approach could be broadly supported by G7 countries. She highlighted the administration's flexibility in response to international economic concerns, including China's excess industrial capacity.
🔊 In an interview with @Reuters, Treasury Secretary Janet Yellen said there are a range of options when it comes to dealing with frozen Russian assets. Find out more on the Reuters World News podcast https://t.co/v3V6rYwBlC https://t.co/0Jo2Dkgv60
NEW #DiplomacyWatch: buried in the $95B aid package is a measure that will allow the Biden admin to seize up to $5 billion in Russian assets held within the United States in order to help fund Ukraine’s war effort. https://t.co/oQEIaXuOwm
⚡️US Treasury Secretary: G7 may support aiding Ukraine with interest from Russian assets. "This is an approach that could be broadly supported by countries that are concerned about the seizure of assets," Yellen said. https://t.co/MLr0WjYtVO
WATCH: The Biden administration is not taking any options off the table to respond to China's excess industrial capacity, which is a top concern for the US and its allies, US Treasury Secretary Janet Yellen told @Reuters https://t.co/AzMuuIeZFG https://t.co/pR2NfMiBhq
⚠️ US PROPOSAL FOR FROZEN RUSSIAN ASSET REVENUES GAINING GROUND, G7 OFFICIALS SAY Full Story → https://t.co/Yh8rDYw9Pw A U.S. proposal for using future interest on some $300 billion in frozen Russian assets to aid Ukraine, instead of seizing them outright, is gaining momentum…