KYIV, April 26 – U.S. Treasury Secretary Janet Yellen said a U.S. proposal to use interest earned on $300 billion in frozen Russian assets to help Ukraine could gain broad support from countries concerned about outright asset confiscation, Reuters reports.
Yellen welcomed what she called a "very constructive step" taken by the European Union to segregate the proceeds from assets held by Brussels-based Euroclear and transfer them to Ukraine, noting future interest could also be pulled forward to expand funds available for Ukraine.
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