Janet Yellen to push G7 to bring forward interest on Russian assets to aid Ukraine
Friday, 17 May 2024 () US treasury secretary Janet Yellen will urge G7 finance officials to advance interest earnings from frozen Russian assets to quickly support Ukraine, according to a senior US treasury official. Ahead of Yellen's May 21-25 trip to Frankfurt and the G7 meeting in Stresa, Italy, the official noted progress toward a consensus on using approximately $300 billion in frozen Russian sovereign assets from the 2022 invasion.
Ukrainian President Zelensky's decision to postpone his foreign visits amidst escalating tensions with Russia reflects the severity of the situation, coinciding with troubling reports of Russian forces capturing key villages near the border. Ukrainian Defense Minister Umerov's acknowledgment of the...
In a significant move, the European Union has agreed to utilize revenue from frozen Russian assets, amounting to $200 billion, to provide military support to Ukraine. This decision marks a bold step in..
Even though the US insists that Ukraine striking Russian oil refineries is out of bounds, there is not a peep about Russian strikes on energy infrastructure that provides heating to entire cities. The..
Friday, 17 May 2024 ()
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