US Treasury Secretary Janet Yellen said on Wednesday that it would not be legal for the United States to seize frozen assets of the Russian central bank to help rebuild Ukraine after the end of the Russian invasion, Reuters reported.
Glenn told reporters ahead of a meeting of G7 finance ministers that the United States and its allies had pledged about $ 300 billion in assets to Russia’s central bank.
Discussions between the Western allies have just begun on how to finance Ukraine’s long-term reconstruction and whether these pledged Russian assets can play a role.
“I think it is very natural, given the huge disaster in Ukraine and the huge reconstruction costs it will face, to seek Russia’s help to pay at least part of the price that will result,” Yellen said.
“While we are beginning to look into this, it would not be legal for the US government to seize these assets now. It is not something that is legally permissible in the US.”
Source: Capital
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