Treasury Secretary Janet Yellen warned Tuesday of potential global economic damage from rising tensions in the Middle East as the Biden administration said it…
Yellen spoke out against Iran's “malign and destabilizing activity” in remarks ahead of this week's spring meetings of the International Monetary Fund and World Bank, saying Iran's weekend missile and drone attack on Israel “underscores the importance of Treasury’s work to use our economic tools to counter Iran’s malign activity.”Iran's attack on Israel early Sunday
“We anticipate that our allies and partners will soon be following with their own sanctions," Sullivan said in a statement."In addition, we continue to work through the Department of Defense and U.S. Central Command to further strengthen and expand the successful integration of air and missile defense and early warning systems across the Middle East to further erode the effectiveness of Iran’s missile and UAV capabilities.
Yellen in February offered her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraine’s long-term reconstruction.
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