Yellen Sees Moral Case to Use Russian Assets to Aid Ukraine (3)

US Treasury Secretary Janet Yellen called on the world’s largest advanced economies to find a way to “unlock the value” of immobilized Russian assets to help bolster Ukraine’s defense against Russia’s invasion and for long-term reconstruction after the war.

“There is a strong international law, economic and moral case for moving forward,” Yellen said Tuesday in Sao Paulo in remarks before meeting with counterparts from the world’s top economies. “The G-7 should work together to explore a number of approaches that have been suggested.”

Her comments come as Group of Seven nations are debating what to do with sovereign ...