Right after Russia's brutal invasion of Ukraine, the United States and our global coalition partners decided to freeze to impound Russian sovereign assets in our jurisdiction, and that amounted to around $280 billion and of that the vast majority, around $200 billion are sitting in a Belgian financial institution where they are generating income that does not belong to Russia," Yellen said in an exclusive interview on ABC News' "This Week."
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160 sats \ 5 replies \ @grayruby 23 Jun
I must have missed this. They froze Russian assets and then used them to loan money to Ukraine? Did they get the idea from FTX?
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153 sats \ 4 replies \ @siggy47 OP 23 Jun
Yes. Their attempts to justify it is the craziest part.
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74 sats \ 0 replies \ @Bell_curve 24 Jun
What assets were frozen?
USA treasury bonds?
Yellin said the assets have matured. If the asset has matured how is it generating income?
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74 sats \ 0 replies \ @Bell_curve 24 Jun
Russia has no claim on their money which we stole
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105 sats \ 1 reply \ @JesseJames 23 Jun
"...Not every secret stands in need of justification, but every lie does...."
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20 sats \ 0 replies \ @Bell_curve 24 Jun
💯
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64 sats \ 0 replies \ @lightworks 23 Jun
Sounds like a good deal, nuking DC would then not be violence!
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75 sats \ 0 replies \ @riberet19 23 Jun
Simply thieves doing business with the stolen money, we are all very brave with other people's pockets
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54 sats \ 0 replies \ @Satosora 23 Jun
So if Russia reached into her pocket and used her assets, its not?
I bet 100% she has some sort of assets in russia!
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54 sats \ 0 replies \ @erict875 23 Jun
How do you need to bend your mind for this to make some kind of sense?
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54 sats \ 0 replies \ @BlokchainB 23 Jun
Drugs slavery piracy! The business model is alive and well. Stealing is wrong. While this war by Russia is ridiculous America has blood on its hands too
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54 sats \ 0 replies \ @TomK 23 Jun
Nice. Escalation attempts at all fronts now. Big fireworks at the end of this cycle?? I cannot stand these warmongers and degenerates any more. Look at this person, liston to her and then tell me if You really think that she has an IQ higher than a rotten tomato...
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54 sats \ 0 replies \ @OT 23 Jun
rules for the, but not for me
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0 sats \ 0 replies \ @Bell_curve 24 Jun
U.S. Treasury Secretary Janet Yellen has refuted Russian President Vladimir Putin's claim that using frozen Russian assets to support Ukraine constitutes "theft." Yellen stated that there is "no legal issue" with the $50 billion loan to Ukraine, which is backed by the profits from these assets. She emphasized that the assets have been impounded and are generating income for the institution holding them, with Russia having no claim on this income. This move is part of the G-7's strategy to aid Ukraine in its rebuilding efforts and counter Russian offensives[1][2].
Sources
[1] Yellen says use of Russian assets is not 'theft' https://abcnews.go.com/US/treasury-secretary-janet-yellen-russian-assets-ukraine-theft/story?id=111154528
[2] Yellen claps back at Putin calling use of seized Russian assets to ... https://www.foxbusiness.com/politics/yellen-claps-back-putin-calling-use-seized-russian-assets-support-ukraine-theft-no-sense-all
[3] stacker news https://stacker.news
[4] Yellen says use of Russian assets is not 'theft' \ stacker news ~econ #583999
[5] Treasury Secretary Janet Yellen says use of Russian assets from ... https://www.sierradailynews.com/local/treasury-secretary-janet-yellen-says-use-of-russian-assets-from-ukraine-is-not-theft-despite-putins-claims/
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