Janet Yellen
US Treasury warns $36 trillion debt ceiling is close: prepares special measures
Janet Yellen announced the launch of special measures to avoid breaching the US debt ceiling. The Ministry of Finance will suspend investments in pension funds and the health insurance fund for civil servants.
US plans to tighten sanctions against tankers transporting Russian oil - Reuters
The Biden administration plans to impose sanctions on tankers transporting Russian oil at more than $60 per barrel. The measures will also affect those involved in oil trading above the price ceiling.
US has allocated another $3.4 billion in direct budget support to Ukraine
The United States has provided Ukraine with $3. 4 billion in direct budget support, subject to reforms. The aid came at a critical time when Russian attacks on civilian infrastructure were intensifying.
US national debt: Treasury Secretary demands action from the Congress
U. S. Treasury Secretary Janet Yellen warned Congress of the need for emergency measures starting January 14 due to the debt ceiling. Trump supported the abolition of the debt ceiling, although his supporters opposed it.
The US may tighten sanctions against the “shadow fleet” and impose restrictions on Chinese banks
The US Treasury is considering additional sanctions against the russian “shadow fleet” and possible restrictions on Chinese banks. There are also discussions of lowering the price limit on russian oil below $60 per barrel.
Zelensky on 2 20 billion from the United States: important support that will strengthen Ukraine's defense capability
The United States is allocating Україні 20 billion to Ukraine under the ERA mechanism, which will come from frozen Russian assets. Zelensky called this an important step to strengthen the defense capability and bring the aggressor to justice.
The US says it will provide Ukraine with $20 billion using frozen assets of the Russian Federation
The US Treasury announces $20 billion for Ukraine as part of the $50 billion G7 ERA initiative. The funds will come through the World Bank from frozen Russian assets.
US prepares new sanctions against russia's military machine - mass media
The Biden administration plans to impose sanctions on intermediaries supplying Russia with critical materials for the military. The new restrictions will be announced next week.
US Senators arrive in Kyiv to discuss support for Ukraine and frozen Russian assets with Shmygal
The Prime Minister of Ukraine met with U. S. senators in Kyiv. They discussed support for Ukraine, the use of frozen Russian assets, strengthening air defense, and investments by American businesses.
US Treasury: Budget support for Ukraine depends on reforms
U. S. Treasury Secretary Janet Yellen said that budgetary assistance to Ukraine depends on reforms to increase the resilience of the economy. The US has provided a new tranche of $3.9 billion to stabilize Ukraine's domestic front.
Yellen hopes to approve $50 billion loan to Ukraine by October
U. S. Treasury Secretary Janet Yellen expects to approve the terms of a $50 billion loan to Ukraine by October. The funds are to be provided from frozen Russian assets, which are to remain blocked until the loan is repaid.
G20 countries agree to work on a “tax for billionaires”
The G20 countries agreed on the need to tax the super-rich. The proposal calls for a 2% tax on wealth over $1 billion, but faced a negative reaction from some countries.
This summer, Ukraine will receive the first 1.5 billion euros from frozen Russian assets-Dombrovskis
The first tranche of 1. 5 billion euros from frozen Russian assets will be transferred to Ukraine before the start of the "summer holidays" with European officials.
The US considers it legal to use Russian assets to support Ukraine
U. S. Treasury Secretary Janet Yellen says it is legal to use proceeds from frozen Russian assets to support Ukraine, responding to criticism of the G7's decision to provide Kyiv with $50 billion in collateral for these proceeds.
EU to consider G7 plan for use of profits from Russian assets after G7 summit
Finance ministers will consider using the profits from immobilized Russian assets in the West to provide a large-scale loan to Ukraine after the G7 summit in June.
The US is considering sanctions against foreign banks operating in Russia
The United States is considering additional sanctions against foreign banks operating in Russia due to growing risks, US Treasury Secretary Janet Yellen said.
The World Bank is ready to manage the G7 loan fund for Ukraine using Russian assets
World Bank President Ajay Banga expressed his readiness to manage a G7 loan fund for Ukraine secured by frozen Russian assets for non-military purposes, using the World Bank's experience in managing similar donor funds.
US Treasury Secretary calls for “more ambitious” G7 plans for Russian assets
U. S. Treasury Secretary Janet Yellen urged G7 ministers to explore more ambitious options for using $325 billion in frozen Russian assets to help Ukraine, in addition to the EU's plan to use the interest earned on those assets.
Canada expands sanctions against Russia for transporting weapons from North Korea
Canada is imposing sanctions on Russian individuals and legal entities for facilitating the illegal transportation of weapons, including ballistic missiles, from North Korea to Russia for use in the war against Ukraine, in violation of UN resolutions.
The United States urges Europeans to close loopholes to circumvent sanctions against Russia
U. S. Treasury Secretary Janet Yellen called on European banks to step up efforts to combat Russian sanctions evasion, including through third parties and sensitive goods originating in the U.S. and Europe.
Bloomberg: G7 plans to lend $50 billion to Kyiv from Russian assets
The G7 plans to provide Kyiv with $50 billion in aid from frozen Russian assets, and the US is negotiating to sign an agreement at the G7 summit in June.
G7 says full confiscation of Russian assets no longer on the table, seeks alternatives - FT
Despite Ukraine's insistence, the G7 countries reportedly no longer have the idea of full confiscation of frozen Russian assets on the table, instead exploring alternative ways to obtain funds from these assets to support Ukraine.
China vows to take "necessary measures" after new US sanctions for supporting Russia
China promises to take "necessary measures" to protect its companies after new US sanctions aimed at undermining Russia's military capabilities targeted Chinese firms.
Access to Russian assets requires legal grounds and political will - Pyshnyi
Ukraine needs the legal basis and political will to access $300 billion in frozen Russian assets to finance its defense and recovery from the Russian invasion.
They will end by the end of May: Malyuska on discussions on the fate of Russian assets
The head of the Ukrainian Ministry of Justice said that there is about a month and a half left to reach an international consensus on the confiscation of Russian assets, as the G7 summit in mid-June is likely to formalize a decision on this issue.
Blinken in Beijing meets with Xi Jinping, expresses US concerns about China's support for Russia
U. S. Secretary of State Anthony Blinken expressed concern about China's support for Russia's defense industry during talks with senior Chinese diplomat Wang Yi in Beijing, highlighting tensions despite efforts to stabilize relations between the world's largest economies.
Oil prices continue to rise moderately amid optimistic forecasts of US economic growth - Reuters
Oil prices rose moderately amid optimism about stronger US economic growth and concerns about conflicts in the Middle East.
Frozen Russian assets for Ukraine: US Treasury Secretary considers the EU's move constructive, but points to a number of options
U. S. Treasury Secretary Janet Yellen said that direct confiscation of Russian assets is one possibility, but that these assets could also serve as collateral for borrowing to help Ukraine, according to an interview with Reuters.
U.S. mulls sanctions on Chinese banks over their role in cooperation with Russia - WSJ
The United States is developing sanctions that could cut off some Chinese banks from the global financial system to force Beijing to limit exports of dual-use goods that help Russian military production.
The G7 countries do not plan to unfreeze the assets of the russian federation until Ukraine is compensated for its losses - a statement
The G7 countries do not plan to unfreeze russian assets and are working on how to use them to help Ukraine. A plan to compensate Kyiv with frozen russian funds will be presented at the summit in Italy in June.