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US, UK signal support for EU windfall tax plan on using frozen

Summary by Arab News
WASHINGTON: US Treasury Secretary Janet Yellen and British Finance Minister Jeremy Hunt signaled support on Thursday for a European Union plan to impose a windfall tax on profits generated by frozen Russian sovereign assets to help finance the reconstruction of Ukraine. A Treasury spokesperson said Yellen called the EU plan a “sensible” proposal. Yellen, who discussed frozen

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Arab News broke the news in Riyadh, Saudi Arabia on Friday, September 22, 2023.
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