U.S. Treasury Secretary Janet Yellen is pushing for more ambitious options to unlock money from $260 billion Russian central bank reserves frozen in Europe and the U.S. post-invasion.
Proposals include borrowing against future interest income from frozen assets to provide Ukraine with around $50 billion immediately, addressing its urgent financial needs.
French Finance Minister praised U.S. proposal as consistent with international law, aiming for a convenient, efficient solution to support Ukraine amidst the conflict.
The discussion around extracting more for Ukraine from frozen Russian assets is complex and politically sensitive, requiring careful consideration of legal implications.
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