US Treasury Secretary Janet Gellen yesterday paralleled the economic pressure exerted by the US and its allies in Russia on the US Treasury Secretary’s efforts in the 1940s to deprive Nazi Germany of its financial resources.
Speaking at the Polin Museum of Jewish History in Warsaw in Warsaw, Glenn said that in 1940, then-Finance Minister Henry Morgenthau persuaded President Franklin Roosevelt to sign executive decrees freezing its assets and assets. despite their neutrality, during this period.
This action prevented the Nazis from plundering the wealth of the countries they invaded.
Morgenthau also persuaded Roosevelt to set up a Committee of War Refugees to help rescue Jews from Nazi-occupied areas.
According to Gelen, the lessons from these efforts, as well as the efforts of the Polish Jews who, despite unprecedented oppression, resisted the Nazis, offer lessons.
“We must use the tools at our disposal to combat oppression. This lesson must be applied today,” Yellen said.
The United States and its allies have imposed unprecedented financial sanctions on Russia for its invasion of Ukraine, including the freezing of hundreds of billions of dollars in foreign exchange by the Russian Central Bank.
“We stand by our determination for Russia to be accountable, but also to strengthen the Ukrainians,” she said, adding that the legacy of dealing with evil is “at the core of the US Treasury Department.”
Helen’s visit to the museum took place during a trip to Poland, where her grandfather was born in the eastern city of Sokolow Podlaski. Glenn was born and raised in a Jewish family in Brooklyn, New York, but she says several of her relatives in Poland were killed during the Holocaust.
SOURCE: AMPE
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
