Yellen: US and allies evaluating options on frozen Russian sovereign assets

Yellen: US and allies evaluating options on frozen Russian sovereign assets
Yellen: US and allies evaluating options on frozen Russian sovereign assets

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Nevin Al Sukari - Sana'a - US Treasury Secretary Janet Yellen, speaking at a news conference ahead of meetings with her G7 and G20 counterparts, said the US and its allies were evaluating different options and associated risk, underscoring the importance of ensuring they were in line with international law. — Reuters pic

SAO PAULO, Feb 27 — US Treasury Secretary Janet Yellen today underscored the urgency of moving forward together with G7 allies to unlock the value of frozen Russian sovereign assets but said Washington did not have a “preferred strategy” for how to proceed.

Yellen, speaking at a news conference ahead of meetings with her G7 and G20 counterparts, said the US and its allies were evaluating different options and associated risk, underscoring the importance of ensuring they were in line with international law.

She said there were risks involved, but downplayed concerns that confiscating Russian assets would undermine the role of the US dollar, euro or Japanese yen as important global currencies. — Reuters

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