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Reuters
Reuters
Business
David Lawder

Yellen says U.S. will address potential gaps in Russia sanctions

FILE PHOTO: Treasury Secretary Janet Yellen testifies before a Senate Banking Committee hybrid hearing on oversight of the Treasury Department and the Federal Reserve on Capitol Hill in Washington, U.S., November 30, 2021. REUTERS/Elizabeth Frantz/File Photo

The United States will address potential gaps in tough sanctions imposed on Russia over its invasion of Ukraine, U.S. Treasury Secretary Janet Yellen said on Wednesday, adding the measures would "continue to bite."

Yellen said financial sanctions on the Russian central bank, commercial banks and members of the country's wealthy elite were having a significant impact, as demonstrated by the rouble's sharp fall.

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