The head of the US Treasury Department, Jeannette Yellen, has said that an urgent solution must be found to legalise the process of seizing $285 billion worth of foreign assets of Russia’s Central Bank.
“What I think is important for the G7, our allies and partners to do is to find a way to unlock the economic potential of frozen Russian assets. There are a number of ways this can happen, and seizure may be the easiest way,” the US Treasury chief said at a press conference in Brazil.
The US official stressed that the confiscation of Russian assets in the United States requires a legal framework that can ensure the legalisation of this process.
“We need to find a way that would be legal domestically and at the international legislative level,” – concluded Jeannette Yellen.
We shall remind you that earlier the head of the European Commission (EC) Ursula von der Leyen mentioned that the European Union plans in the coming days to approve the transfer of proceeds from frozen Russian assets to Ukraine.