Global Economy

The West can defend Ukraine by using frozen Russian assets: Janet Yellen explains

On Tuesday, Treasury Secretary Janet Yellen offered her strongest public support for liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraine’s long-term reconstruction. John Kirby, President Joe Biden’s national security spokesman, said at a White House press briefing Tuesday that “we still believe Russia needs to be responsible for the damage” brought onto Ukraine by “exploring the option of using those frozen assets.


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