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Yellen backs EU plan to tax frozen Russian assets
Posted
October 11, 2023
Views
1,799
Likes
24
Comments
23
Engagement
2.61%
October 11, 2023
1,799
24
23
2.61%
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1:53Now PlayingUS Treasury Secretary Janet Yellen said she backs “harnessing windfall proceeds from Russian sovereign assets immobilized in particular clearinghouses and using the funds to support Ukraine,” giving her strongest backing yet for a European Union plan to impose a windfall tax on profits generated by frozen Russian sovereign assets. Yellen spoke at a press conference in Marrakech, Morocco, at the start of annual meetings of the International Monetary Fund and the World Bank.
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