U.S. Treasury Secretary Janet Yellen and President Joe Biden are pushing for the G7 countries to tap into frozen Russian assets, potentially worth $300 billion, to support Ukraine. Yellen emphasized that using these assets should not replace urgent aid needed by Ukraine, which is currently stalled in Congress. The plan involves leveraging the assets, including those of the Russian Central Bank, for the benefit of Ukraine's budgetary needs. While the UK and Canada support the idea, France, Germany, and the EU Central Bank are opposed, leading to divisions within the G7 finance meeting.
Yellen says any plan to seize or monetize frozen Russian assets should not be considered as a substitute for aid to Ukraine https://t.co/UMkrr6LR9p
Biden Wants G7 To Give Russian Central Bank Funds To Ukraine, But France Resists https://t.co/UBDSRTeu1H
⚡️US Treasury Secretary: Frozen Russian assets are no substitute for Ukraine aid. Any plan to seize or monetize frozen Russian assets to help Ukraine can not be considered a substitute for emergency Ukraine aid that has been stalled in Congress, U.S. Treasury Secretary Janet… https://t.co/CcCdHbbk3g
The confiscation or monetization of $300 billion of frozen Russian assets in favor of #Ukraine cannot be considered a substitute for the urgently needed assistance that is stalled in #Congress, said U.S. Treasury Secretary Janet #Yellen, Bloomberg reports. 📷: AFP https://t.co/mPiSlZlUjq
⚠️ YELLEN SAYS G7 STILL WORKING ON WAYS TO TAP FROZEN RUSSIAN ASSETS (Reuters) The United States and its allies will keep seeking options to tap $300 billion in frozen Russian sovereign assets, U.S. Treasury Secretary Janet Yellen said after days of rancorous talks failed to… https://t.co/rIsNcAkR3W
⚠️ YELLEN SAYS ARGENTINA FACES 'TOUGH TRANSITION,' OPEN TO IMF'S IDEAS (Reuters) Argentina is talking to the International Monetary Fund (IMF) about a possible new financing program with different targets for the embattled economy, U.S. Treasury Secretary Janet Yellen said…
Treasury Secretary Janet Yellen says any plan to seize or monetize frozen Russian assets should not be considered as a substitute for aid to Ukraine https://t.co/e7q432JqSV
US Pres Biden Wants G-7 Progress On Russian Assets Issue By June
U.S. President Joe Biden expects the G7 countries to make progress on the transfer of Russian assets to Ukraine by the June summit This refers to the use of $280 billion in assets of the Russian Central Bank, including using the funds as collateral to raise debt or issue… https://t.co/mJ23IWGeAe
💰 Biden wants G7 countries to develop plan for frozen Russian assets in Ukraine's favour https://t.co/LIfPO87r8z
🇺🇸🇺🇦 Biden wants progress on using frozen Russian money to help Ukraine by the June G-7 meeting, - Bloomberg https://t.co/jpEG8UocTr
🇺🇸🇪🇺🇺🇦 🚨 President Biden wants Russia's frozen assets to be used to support Ukraine's current budgetary needs, and hopes to see progress by the June G7 Summit. The UK & Canada are supportive of the seizure of the assets. France, Germany and the EU Central Bank are opposed.… https://t.co/ZiyT37Wy7W https://t.co/d49ybmPH2z
⚡️U.S. President Joe #Biden wants to make progress on using frozen Russian funds to help #Ukraine by the June #G7 meeting, as reported by Bloomberg. https://t.co/UEV4CzT0Hp
⚠️ YELLEN SAYS ARGENTINA MOVING TOWARD FISCAL SUSTAINABILITY (Reuters) U.S. Treasury Secretary Janet Yellen met Argentina Economy Minister Luis Caputo on Thursday, welcoming what she called "important steps" by the Milei government to restore fiscal sustainability, adjust the… https://t.co/I1Yo8U4Umy
Biden Seeks Plan To Tap Russian Assets For Ukraine By G-7 Summit - BBG https://t.co/UFnySsdi6U
President Biden wants the G-7 to make progress on plans to tap frozen Russian sovereign assets to help support Ukraine by the time the leaders meet in June https://t.co/delqLtSjwp
Scoop: Biden wants the G7 nations to make progress on plans to tap frozen Russian sovereign assets to help support Ukraine by the time the leaders meet in June, per sources to @AlbertoNardelli @v_dendrinou and me.
*BIDEN SEEKS PLAN TO TAP RUSSIA ASSETS FOR UKRAINE BY G-7 SUMMIT
*BIDEN SEEKS PLAN TO TAP RUSSIA ASSETS FOR UKRAINE BY G-7 SUMMIT LFG.
⚠️ BIDEN SEEKS PLAN TO TAP RUSSIA ASSETS FOR UKRAINE BY G-7 SUMMIT
US Treasury Secretary Janet Yellen says using frozen Russian assets to give to Ukraine would be the "moral" thing to do. MORE from @MarcusMStanley: https://t.co/DkymOHNN2E
NEW: Janet Yellen and John Kirby want to use frozen Russian assets to fund the Ukraine War, funding they can't get approved by congress. @MarcusMStanley on why this is a very bad idea: https://t.co/DkymOHNfd6
⚠️ G7 FINANCE MEETING MARRED BY DIVISIONS OVER SEIZING RUSSIAN ASSETS (Reuters) French Finance Minister Bruno Le Maire on Wednesday publicly challenged U.S. Treasury Secretary Janet Yellen's view that it would be legal to monetize some $300 billion in frozen Russian assets,…