US Treasury Secretary calls for a plan to transfer Russian $300 billion to Ukraine

US Treasury Secretary calls for a plan to transfer Russian $300 billion to Ukraine

US Treasury Secretary calls for a plan to transfer Russian $300 billion to Ukraine

The world's largest developed economies should find a way to use frozen Russian assets to help strengthen Ukraine's defense against Russian invasion and long-term post-war recovery. This was stated by US Treasury Secretary Janet Yellen in Bloomberg.


"I believe there are strong international legal, economic and moral reasons to move forward," Yellen said in a statement prepared ahead of the G20 financial leaders meeting in Sao Paulo, Brazil.


According to her, this would be "a decisive response to the unprecedented threat to global stability posed by Russia."


"This would clearly show that Russia cannot win by prolonging the war and would encourage it to come to the negotiating table and reach a just peace with Ukraine," the US Treasury Secretary added.