Global Leaders Call for Seizing Russian Assets to Aid Ukraine

Treasury Secretary Janet Yellen urged world leaders at the G20 meeting to unlock roughly $300 billion in frozen Russian Central Bank assets and use them for Ukraine's reconstruction, citing a strong international law, economic, and moral case for the move. Yellen believes this would send a decisive response to Russia's threat to global stability and incentivize negotiations for a just peace with Ukraine, despite potential tradeoffs for the U.S. dollar's standing as the world's dominant currency.