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U.S. Treasury Secretary Janet Yellen told Reuters that European banks face growing risks operating in Russia and the U.S. is looking at strengthening its secondary sanctions on banks found to be aiding transactions for Russia's war effort.
Finance officials from the Group of Seven rich democracies said they had moved toward agreement on a U.S. proposal to squeeze more money for Ukraine from Russian assets frozen in their countries. But the ministers left a final deal to be worked out ahead of a June summit of national leaders.
U.S. Treasury Secretary Janet Yellen said on Friday that she does not see "any showstoppers" in her discussions with fellow G7 finance ministers about a larger loan to Ukraine backed by the income of frozen Russian sovereign assets. Yellen told Reuters in an interview on the sidelines of a G7 finance leaders meeting that not all of the technical details of the loan proposal need to be worked out this weekend. "I think things look pretty good," for agreeing on the concept of the loan, Yellen said after several bilateral meetings on the first day of the two-day finance summit in the northern Italian resort town of Stresa. "I've not seen anything I regard as a show stopper, but there are some issues that we need to be sorted out and people will have to be flexible to reach common ground," Yellen said. The U.S. Treasury chief has been pushing her counterparts in the talks to a
The Pentagon announced a $275 million package of weaponry for Ukraine on Friday as calls for loosening restrictions on the use of the weapons have increased in recent days.
Sen. Lindsey Graham, R-S.C., said the United Nations’s International Court of Justice (ICJ) "can go to hell" after the body ordered Israel to halt its military operations in southern Gaza.
BALTIMORE (AP) — A federal judge has tossed a case against a Maryland couple accused of divulging patients’ medical records as part of a conspiracy to aid Russia after its invasion of Ukraine.
WASHINGTON (AP) — The Biden administration announced on Friday an additional $275 million in military aid for Ukraine as Kyiv struggles to hold off advances by Russian troops in the Kharkiv region.
Prime Minister Justin Trudeau says military operations in Rafah must stop now that the International Court of Justice (ICJ) has ordered Israel to halt its offensive in the southern Gaza city.