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International Business Times
International Business Times
World
Joshua Howat Berger

'Urgent' For G7 To Seize Russian Profits For Ukraine: Yellen

US Treasury Secretary Janet Yellen speaks during a press conference in Sao Paulo, Brazil (Credit: AFP)

US Treasury Secretary Janet Yellen said Tuesday it was urgent for G7 nations to jointly seize profits from frozen Russian assets and redirect them to Ukraine, as the group prepared to meet on the issue.

Calls have been mounting in the United States and Europe to set up a fund for Ukraine using billions of dollars in bank accounts, investments and other assets frozen by the West over Russia's 2022 invasion.

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