On February 27, local time, U.S. Treasury Secretary Ye Kai called on all countries to make good use of frozen Russian assets and use them to aid Ukraine.
According to the Associated Press 28**, the day before the G20** meeting, Yellen held a press conference and spoke in Sao Paulo, Brazil. In her speech, she mentioned that since the outbreak of the Russia-Ukraine conflict, many Western countries have frozen the assets of the Central Bank of Russia with a total value of about $280 billion, and there are many differences among countries on how to dispose of these assets. "We urgently need to find ways to unlock the value of these frozen assets to support Ukraine's continued resistance and long-term reconstruction," Yellen said. ”
Hardliners in the United States and the United Kingdom are reportedly advocating the complete confiscation of the assets of the Russian central bank, but the EU side prefers to transfer the proceeds from Russia's frozen assets to Ukraine, including imposing high taxes on Russian assets, and the EU's plan is supported by Yellen.
The report pointed out that the attitude of the EU side is crucial on this issue, because nearly two-thirds of Russian assets are frozen in the EU. As for whether the use of these assets will have an impact on the dollar's international standing, Yellen said that such a scenario is "highly unlikely."
*: Global Times WeChat***
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