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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Leaning Left1Leaning Right2Center1Last Updated3 months agoBias Distribution50% Right
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R 50%
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