Yellen Says US, Allies Mapping Russia Assets; Seizures an Option

The US and its allies are collaborating to locate Russian sovereign assets and are considering options including potential seizures, Treasury Secretary Janet Yellen said.

Washington and its partners are working to “accurately map exactly where these assets are,” she told a House Financial Services Committee hearing Tuesday. “And we’re examining a number of options, including some that we may be able to take under existing authorities.”

WATCH: Treasury Secretary Janet Yellen says the US and its allies are collaborating to locate Russian sovereign assets.

Source: Bloomberg

The US and its allies have jointly immobilized about $300 billion worth of Russian reserves since the onset of the nation’s war in Ukraine, she said. The assets will remain immobilized until ...