At the recent G20 finance ministers' meeting in Sao Paulo, discussions ended without a consensus, primarily due to disagreements over the conflicts in Ukraine and Gaza. French Finance Minister Bruno Le Maire publicly contested U.S. Treasury Secretary Janet Yellen's stance on the legality of monetizing approximately $300 billion in frozen Russian assets, underlining the divisions among major industrial nations. Yellen highlighted that the United States and its G7 allies are exploring ways to utilize these assets to support Ukraine but emphasized that such measures are not a substitute for direct aid, which is currently stalled in Congress. The meeting's inability to produce a joint statement reflects the deep geopolitical rifts affecting global economic cooperation.
⚠️ YELLEN SAYS U.S. COMMITTED TO G20 FINANCE WORK DESPITE DIVISIONS OVER WAR LANGUAGE (Reuters) U.S. Treasury Secretary Janet Yellen said on Friday that Washington was strongly committed to G20 finance ministers' work, despite the group's failure to reach consensus on… https://t.co/X6D9ugzFbp
⚡️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 https://t.co/rpvVS216QP https://t.co/O9nizHLiHy
Yellen Says Russian Assets ‘No Substitute’ for US Aid to Ukraine - BBG https://t.co/TvAL0ZbHER
⚠️ 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
US Tsy Sec Yellen: Russian Assets ‘No Substitute’ For Aid To Ukraine
The G20 did not issue a joint statement due to disagreements over the conflicts in Ukraine and Gaza https://t.co/uyQikriOfn https://t.co/FdvyYlyWTS
The injustice Ukraine has suffered is manifest, its need for cash is urgent and Western governments’ finances are stretched. Is there a legal way to put Russia's frozen assets to good use? https://t.co/sTuyQWLYzS 👇
Finance leaders from the world's largest economies failed to agree on a joint statement as they wrapped up talks, with divisions over the wars in Gaza and Ukraine overshadowing efforts to forge a consensus on global economic development https://t.co/xxRENYKSe4
Divided G20 blocked by ‘impasse’ over Ukraine, Gaza https://t.co/uR3tFa4U2R
The first meeting of the year of finance ministers from the Group of 20 top economies ended Thursday without a joint statement because members were divided over ongoing "geopolitical conflicts," said host Brazil. #cgtnamerica
Brazil Chair G20 summary: Labor market dynamics have been uneven across economies. Ministers exchanged views on ongoing wars, conflicts and humanitarian crises, highlighting Ukraine and Gaza. The Brazilian G20 presidency noted that the finance track is no the most appropriate…
BREAKING - G20 meeting ends without joint statement amid 'impasse' over global conflicts: Brazil https://t.co/LVRQJoBxYM
Top U.S. and EU officials are actively exploring using hundreds of billions of dollars in frozen Russian assets in Western banks to help fund Ukraine. https://t.co/bFzVshBpTr
The G-20 finance chiefs are set to end their meeting in Sao Paulo without agreement on a closing communique, amid divisions over Gaza and Ukraine https://t.co/wZbEAJi0aD
⚠️ G20 FINANCE LEADERS STILL AT ODDS OVER LANGUAGE ON GAZA, UKRAINE - SOURCES (Reuters) Finance leaders of the G20 major countries are still discussing how to describe the wars in Ukraine and Gaza in a joint communique, with Russia and mostly Western nations at loggerheads over…
In search of a source of funding to provide aid for Ukraine, Western politicians have settled their eyes on assets worth €260bn belonging to Russia that have been frozen for two years. They should not seize them—but they can exploit them to the full https://t.co/E1BdKaZRAq 👇
🇺🇸🇷🇺‼️🚨 “As for Russian assets, we are considering options related to the seizure of these funds” - US Treasury Secretary Janet Yellen "This is just one of the possible strategies. We are looking at a number of different strategies through which we could use these assets in… https://t.co/bVuMuAFzwv
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, revealing deep divisions among leading industrial nations. https://t.co/Nvwv6FxVDr