Yellen: Not legal for U.S. government to seize Russian central bank assets

2022.05.18 16:51

FILE PHOTO: U.S. Treasury Secretary Janet Yellen looks on during a U.S. House Committee on Financial Services hearing on the Annual Report of the Financial Stability Oversight Council, on Capitol Hill in Washington, DC, U.S. May 12, 2022. Graeme Jennings/

BONN, Germany (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday that it would not be legal for the United States to seize assets of Russia’s central bank.

Yellen told reporters ahead of a meeting of G7 finance ministers in Bonn, Germany, that the United States and its allies have blocked an estimated $300 billion of assets from Russia’s central bank.

Source