US Treasury Secretary Stresses 'Urgent' Need to Allocate Russian Assets to Ukraine

U.S. Treasury Secretary Janet Yellen speaks during a press conference in Sao Paulo, Brazil, Feb. 27, 2024.

U.S. Treasury Secretary Janet Yellen said on Tuesday that it is "urgent" for the G7, the group of seven leading industrialized nations, to seize some $285 billion worth of frozen Russian assets and redirect the funds to Ukraine.