signalmankenneth
Verified User
They need to do this before the election, just in case by an act of Satan Trump wins the election?!! Mike Johnson is foot-dragging on a house vote on Ukraine aid?!! Mike Johnson is a Trump ass-wipe and lackey?!!
[FONT=var(--tr-font-regular)]SAO PAULO, Feb 27 (Reuters) - U.S. Treasury Secretary Janet Yellen on Tuesday underscored the urgency of moving forward together with Western allies to unlock the value of frozen Russian sovereign assets to help Ukraine, but said the U.S. had no "preferred strategy" for how to do so.
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[FONT=var(--tr-font-regular)]Yellen, speaking at a news conference ahead of meetings with her G7 and G20 counterparts, said the U.S. and its allies were evaluating different options for some $285 billion in Russian assets immobilized in 2022 and the associated risks.[/FONT]
[FONT=var(--tr-font-regular)]G7 leaders have asked for solutions to be presented in June.
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[FONT=var(--tr-font-regular)]Yellen acknowledged there were risks involved, but downplayed concerns raised by some in Europe that confiscating Russian assets would undermine the role of the U.S. dollar, euro or Japanese yen as important global reserve currencies.
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[FONT=var(--tr-font-regular)]"I believe the G7 should work together to explore the number of approaches that have been suggested for unlocking their economic values. One would be, of course, seizing the assets themselves, but there are other ideas, such as using them as collateral to borrow from global markets," Yellen said.[/FONT]
[FONT=var(--tr-font-regular)]She said she considered it "extremely unlikely" that any G7 move on Russian assets would result in a massive shift from currencies, given the uniqueness of this situation and what she called Russia's brazen violation of international norms.
[FONT=var(--tr-font-regular)]The countries involved represented half the global economy, and any action would be taken in coordination, she said.
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[FONT=var(--tr-font-regular)]"It's important for the G7 to work together. We need to find a way that is legal, both domestically in all of our countries and also in accordance with international law," she said.
"We don't have a preferred strategy for how to do this. We want the G7 and our allies to act together," she said.
https://www.reuters.com/world/europ...n-russian-assets-necessary-urgent-2024-02-27/
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[FONT=var(--tr-font-regular)]SAO PAULO, Feb 27 (Reuters) - U.S. Treasury Secretary Janet Yellen on Tuesday underscored the urgency of moving forward together with Western allies to unlock the value of frozen Russian sovereign assets to help Ukraine, but said the U.S. had no "preferred strategy" for how to do so.
[/FONT]
[FONT=var(--tr-font-regular)]Yellen, speaking at a news conference ahead of meetings with her G7 and G20 counterparts, said the U.S. and its allies were evaluating different options for some $285 billion in Russian assets immobilized in 2022 and the associated risks.[/FONT]
[FONT=var(--tr-font-regular)]G7 leaders have asked for solutions to be presented in June.
[/FONT]
[FONT=var(--tr-font-regular)]Yellen acknowledged there were risks involved, but downplayed concerns raised by some in Europe that confiscating Russian assets would undermine the role of the U.S. dollar, euro or Japanese yen as important global reserve currencies.
[/FONT]
[FONT=var(--tr-font-regular)]"I believe the G7 should work together to explore the number of approaches that have been suggested for unlocking their economic values. One would be, of course, seizing the assets themselves, but there are other ideas, such as using them as collateral to borrow from global markets," Yellen said.[/FONT]
[FONT=var(--tr-font-regular)]She said she considered it "extremely unlikely" that any G7 move on Russian assets would result in a massive shift from currencies, given the uniqueness of this situation and what she called Russia's brazen violation of international norms.
[FONT=var(--tr-font-regular)]The countries involved represented half the global economy, and any action would be taken in coordination, she said.
[/FONT]
[FONT=var(--tr-font-regular)]"It's important for the G7 to work together. We need to find a way that is legal, both domestically in all of our countries and also in accordance with international law," she said.
"We don't have a preferred strategy for how to do this. We want the G7 and our allies to act together," she said.
https://www.reuters.com/world/europ...n-russian-assets-necessary-urgent-2024-02-27/
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