Published 3 months ago

Yellen signals support for windfall tax on frozen Russian assets

U.S. Treasury Secretary Janet Yellen supports a European Union plan to impose a windfall tax on profits from Russian assets to finance Ukraine's reconstruction. This notion was discussed by Yellen with Ukrainian officials during her visit to Kyiv in February.
Yellen's endorsement of the windfall tax highlights the U.S.'s commitment to helping Ukraine recover and rebuild, while also demonstrating cooperation with the EU in addressing the Russian asset issue.
Despite legal obstacles, Yellen acknowledges that seizing the $300 billion in Russian central bank assets frozen by sanctions is challenging.

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The Star Kuala Lumpur

Yellen signals support for windfall tax on frozen Russian assets

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen has voiced support for a European Union plan to impose a windfall tax on profits generated by frozen Russian sovereign assets, calling it a “sensible” way to help finance the reconstruction of Ukraine, a Treasury spokesperson said on Thursday. Read full story

3 months ago·Malaysia

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Channel News Asia

Yellen signals support for windfall tax on frozen Russian assets

WASHINGTON: US Treasury Secretary Janet Yellen has voiced support for a European Union plan to impose a windfall tax on profits generated by frozen Russian sovereign assets, calling it a “sensible” way to help finance the reconstruction of Ukraine, a Treasury spokesperson said on Thursday (Sep 21). Yel

3 months ago·Singapore

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The Straits Times

Yellen signals support for windfall tax on frozen Russian assets

U.S. Treasury Secretary Janet Yellen has voiced support for a European Union plan to impose a windfall tax on profits generated by frozen Russian sovereign assets, calling it a “sensible” way to help finance the reconstruction of Ukraine, a Treasury spokesperson said on Thursday. Read more at straitstimes.com.

3 months ago·Singapore

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Bloomberg

Yellen Signals Support for Windfall Tax on Frozen Russian Assets

US Treasury Secretary Janet Yellen voiced support for a European Union plan to impose a windfall tax on profits generated by frozen Russian sovereign assets, calling it a “sensible” way to help finance the reconstruction of Ukraine.

3 months ago·United States

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