{"id":2249425,"date":"2024-05-21T12:11:02","date_gmt":"2024-05-21T16:11:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/janet-yellen-calls-for-us-eu-to-use-russian-assets-to-pay-for-ukraine-war\/"},"modified":"2024-05-21T12:14:15","modified_gmt":"2024-05-21T16:14:15","slug":"janet-yellen-calls-for-us-eu-to-use-russian-assets-to-pay-for-ukraine-war","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/janet-yellen-calls-for-us-eu-to-use-russian-assets-to-pay-for-ukraine-war\/","title":{"rendered":"Janet Yellen urges US and EU to utilize Russian assets for Ukraine conflict funding"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjanet-yellen-calls-for-us-eu-to-use-russian-assets-to-pay-for-ukraine-war%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2249425&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Treasury Secretary Janet Yellen\u2064 is urging the U.S. and EU to utilize frozen Russian assets, amounting to $280 billion, to support Ukraine \u2064in\u2064 countering Russia\u2019s invasion. Yellen emphasized the importance of \u2064joint efforts in unlocking these assets\u200c for Ukraine\u2019s benefit, while also advocating for continued aid to Ukraine for military support and reconstruction. Critics raise concerns about \u200dpotential repercussions on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stocks-tumble-globally-on-raft-of-economic-political-worries\/\" title=\"Stocks tumble globally on raft of economic, political worries\">global financial stability<\/a>.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><span style=\"font-weight: 400\">Treasury Secretary Janet Yellen called for the U.S. and European Union to form a plan to seize or leverage Russian assets to offset Ukraine\u2019s costs in fending off Russia\u2019s invasion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The U.S. and E.U. have access to about $280 billion worth of frozen Russian assets that Yellen and other officials hope to tap for Ukraine\u2019s benefit. In remarks planned to be delivered in a speech in Frankfurt, Germany, on Tuesday, Yellen called for greater cooperation between the U.S. and E.U. to tap those resources, according to excerpts of Yellen\u2019s speech viewed by <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-20\/yellen-urges-eu-allies-to-act-jointly-on-frozen-russian-assets\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Bloomberg<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cIt\u2019s vital and urgent that we collectively find a way forward to unlock the value of Russian sovereign assets immobilized in our jurisdictions for the benefit of Ukraine,\u201d Yellen\u2019s remarks said, according to Bloomberg.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Treasury secretary also called for continued aid to Ukraine.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cIt\u2019s also critical that we ensure Ukraine has the support it needs to equip its military, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/republicans-blast-democratic-bill-that-would-allow-tripling-of-property-tax-rates\/\" title=\"Republicans criticize Democratic bill proposing triple property tax rates\">fund critical services<\/a>, and ultimately rebuild in the medium- to long-term,\u201d the speech continued.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The proposal to seize Russian assets to offset the cost of the war for Ukraine has <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/snl-cast-member-blasts-woke-mob-upset-with-racist-sketch-he-wrote\/\" title=\"SNL Cast Member Blasts Woke Mob Upset With \u2018Racist\u2019 Sketch He Wrote\">earned critics<\/a> in the West who are concerned that such a move would destabilize international financial markets. If the risk to foreign assets held in the U.S. or Europe becomes too great, countries may move to reduce or eliminate their exposure to such recriminations from Western governments. The result would be a much more fragmentary global financial system.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ukraine has lost ground recently to a renewed Russian offensive in the eastern part of the country. Russia has surged troops into the region, especially in the northeast near Kharkiv, Ukraine\u2019s second-largest city behind Kyiv.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ukraine\u2019s military has struggled to hold ground as it runs low on munitions, supplies, and soldiers.<\/span><\/p>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1716386093359000&#038;usg=AOvVaw1H2hddzGHMov4jKnDi2Pr4\">CLICK HERE TO GET THE DAILYWIRE+ APP<\/a><\/b><\/p>\n<p><span style=\"font-weight: 400\">\u201cThe situation is on the edge,\u201d Gen. Kyrylo Budanov, the head of Ukraine\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/doj-charges-3-north-korean-hackers-in-1-3b-worth-of-schemes\/\" title=\"DOJ charges 3 North Korean hackers in .3B worth of schemes\">military intelligence agency<\/a>, told <\/span><a href=\"https:\/\/www.nytimes.com\/article\/russia-ukraine-kharkiv.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">The New York Times<\/span><\/a><span style=\"font-weight: 400\">  last week. \u201cEvery hour this situation moves toward critical.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Budanov delivered his assessment of the situation from a bunker in Kharkiv. He said that the Ukrainian military lines are strained from a lack of troops.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cAll of our forces are either here or in Chasiv Yar,\u201d he added, referring to a Ukrainian stronghold about 120 miles to the south of the city, also under threat from Russian forces. \u201cI\u2019ve used everything we have. Unfortunately, we don\u2019t have anyone else in the reserves.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">President Joe Biden signed legislation for the U.S. to provide Ukraine with about $60 billion more in military aid last month.<\/span><\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Janet Yellen urges the U.S. and European Union to strategize seizing or using Russian assets to cover Ukraine&#8217;s defense expenses amid Russia&#8217;s invasion. Approximately $280 billion of frozen Russian assets offer a potential funding source for Ukraine, as advocated by Yellen and officials<\/p>\n","protected":false},"author":70,"featured_media":2249426,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/05\/Janet-Yellen.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2249425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/05\/Janet-Yellen.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2249425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/70"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2249425"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2249425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2249426"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2249425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2249425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2249425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}