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The Independent UK
The Independent UK
National
Via AP news wire

Yellen: US to 'freeze, seize' wealth of Russian oligarchs

Janet Yellen Vladimir Putin Joe Biden Ukraine
Copyright 2022 The Associated Press. All rights reserved.

Treasury Secretary Janet Yellen used a visit to Chicago on Wednesday to spotlight the Biden administration's determination to strip Russian oligarchs of their wealth in response to Vladimir Putin's invasion of Ukraine.

“We have made it a priority to go after oligarchs or Russian elites who are key to President Putin’s corrupt power,” Yellen said. She added that Treasury, along with the Justice Department and U.S. allies, plans to “uncover, freeze and seize their wealth around the world.”

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