ABC News on Nostr: Yellen says use of Russian assets is not 'theft' ========== Treasury Secretary Janet ...
Yellen says use of Russian assets is not 'theft'
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Treasury Secretary Janet Yellen pushed back against claims from Russian President Vladimir Putin that world leaders were stealing money from Russia by agreeing to loan Ukraine $50 billion using the frozen Russian assets. Yellen stated that there is 'no legal issue' with the loan backed by Russian assets. She explained that the frozen assets were impounded after Russia's invasion of Ukraine and are generating income that does not belong to Russia. Yellen sees this as a 'battle of wills with Putin' and believes that the coalition supporting Ukraine will continue providing resources. Yellen also discussed the state of the U.S. economy, acknowledging the impact of the COVID-19 pandemic on American families and the need to bring costs down. She noted that wages for Americans have gone up but expressed concerns about the increasing price level and its impact on the cost of living. Yellen criticized former President Donald Trump's campaign promise to end the federal income tax and increase tariffs, stating that it would make life unaffordable for working-class Americans and harm American businesses.
#JanetYellen #VladimirPutin #Russia #Ukraine #FrozenAssets #Economy #Inflation #CostOfLiving #DonaldTrump #Tariffs
https://abcnews.go.com/US/treasury-secretary-janet-yellen-russian-assets-ukraine-theft/story?id=111154528
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Treasury Secretary Janet Yellen pushed back against claims from Russian President Vladimir Putin that world leaders were stealing money from Russia by agreeing to loan Ukraine $50 billion using the frozen Russian assets. Yellen stated that there is 'no legal issue' with the loan backed by Russian assets. She explained that the frozen assets were impounded after Russia's invasion of Ukraine and are generating income that does not belong to Russia. Yellen sees this as a 'battle of wills with Putin' and believes that the coalition supporting Ukraine will continue providing resources. Yellen also discussed the state of the U.S. economy, acknowledging the impact of the COVID-19 pandemic on American families and the need to bring costs down. She noted that wages for Americans have gone up but expressed concerns about the increasing price level and its impact on the cost of living. Yellen criticized former President Donald Trump's campaign promise to end the federal income tax and increase tariffs, stating that it would make life unaffordable for working-class Americans and harm American businesses.
#JanetYellen #VladimirPutin #Russia #Ukraine #FrozenAssets #Economy #Inflation #CostOfLiving #DonaldTrump #Tariffs
https://abcnews.go.com/US/treasury-secretary-janet-yellen-russian-assets-ukraine-theft/story?id=111154528