April 13, 2024

US Looking to ‘Unlock Economic Value’ From Frozen Russian Assets

The US is exploring options to use $300 billion in Russian state assets frozen at the outbreak of its Ukraine invasion to help pay for the war-torn country’s reconstruction, a top US Treasury official said.

“We’re looking for ways to unlock the economic value of those reserves for the Ukrainian people,” US Deputy Treasury Secretary Wally Adeyemo said in an interview on Bloomberg Television’s Surveillance.

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