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.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.
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