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War in Ukraine. US Treasury Secretary Janet Yellen: Russia should pay for the damage it caused to Ukraine

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Russia’s invasion of Ukraine has been going on for 418 days. “I believe Russia should pay for the damage it has done to Ukraine,” US Treasury Secretary Janet Yellen told CNN. “I think the international community expects that this is what the consequences of the actions of the Russian authorities should be,” she added.

Treasury Secretary USA Janet Yellen spoke, among others, about the issue of Russian property. “We are discussing these issues with our partners, but there are some legal restrictions on what we can do with frozen Russian assets. Talks with our partners are ongoing. We talk about what should be done in the future, but I think that Russia should pay for the damage it has caused,” the US Treasury secretary told CNN.

A block in Sloviansk after a Russian missile attackEPA/YEVGEN HONCHARENKO

Yellen also said that sanctions against Russia and export controls imposed by the US and other Western countries deprive Moscow of materials to conduct war in Ukraine. In turn, the price limit on Russian oil imposed by Western countries in the amount of USD 60 per barrel turns the budget surpluses expected by the Kremlin into deficits.

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“Sanctions and export controls have forced Russia to resort to Iran and North Korea for military equipment and supplies, and the US is taking steps to curb sanctions circumvention,” the US Treasury Secretary said.

– We believe that his (Vladimir Putin) the military really lacks the equipment they need to wage war, she added.

Taking over Russian assets

President of Ukraine Volodymyr Zelensky demanded on Wednesday, during a video link with participants in the spring session of the World Bank and the International Monetary Fund, the seizure of Russian assets. – Russian assets should go to rebuild after aggression. War should be the most expensive for the aggressor. And we are doing everything for this purpose,” Zelensky said.

Ukraine’s partners, according to the German dpa agency, accepted this request with reserve, mainly due to “legal doubts, practical obstacles, as well as political risks”.


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