Yellen further argued that such a move was needed to signal Western resilience in supporting Ukraine during its war with Russia.
In an appearance on ABC’s‘s position on the issue and argued that using Russian assets to send further aid to Ukraine was appropriate.
“So, there’s no legal issue here,” Yellen continued. “And our allies, our partners, the G7, will provide Ukraine a $50 billion loan, which will be repaid over time from these proceeds. And I’d say the G7 leaders had already made it clear that they will not unfreeze these assets until Russia pays for the damage that it’s cost Ukraine.”
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