US EditionYellen 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.
4 Articles
4 Articles
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
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
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.
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.
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