Fox Information senior strategic analyst Gen. Jack Keane discusses the Russian convoy transferring towards Kyiv and the large variety of Ukrainian refugees at Polish border on ‘Fox Enterprise Tonight.’
U.S. Treasury Secretary Janet Yellen on Tuesday mentioned the Group of Seven nations will convene a process drive that can deal with freezing and seizing the property of key Russian elites to carry Russia accountable for his or her “brutal invasion” of Ukraine.
After a gathering with G7 Finance Ministers and Central Financial institution Governors, Yellen mentioned the seizure of Russian elite’s property will “inflict monetary ache on the highly effective people surrounding (Russian President Vladimir) Putin and clarify that nobody is past our collective attain.”
The Group of Seven main economies will convene a process drive to deal with freezing and seizing property of key Russian elites because it goals to place additional stress on Russia after its invasion of Ukraine, U.S. Treasury Secretary Janet Yellen mentioned on Tuesda (BERLIN/WASHINGTON)
Yellen referred to as Russia’s “unjustified invasion” of Ukraine an assault on the basic norms and legal guidelines that underpin the worldwide order.
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She mentioned the U.S. “will proceed to coordinate intently with G7 companions and others on our response, and we stand able to impose additional monetary stress as essential.”
Her feedback got here as Russia’s invasion of Ukraine entered its sixth day on Tuesday, with a convoy stretching 40 miles lengthy nearing Ukraine’s capital.
Russian President Vladimir Putin listens to a journalist’s query throughout a joint information convention with Hungary’s Prime Minister Viktor Orban following their talks within the Kremlin in Moscow, Russia, Tuesday, Feb. 1, 2022. (Yuri Kochetkov/Pool Photograph by way of AP)
America and its allies have levied robust sanctions on Russia’s largest banks and its elite, frozen the property of the nation’s Central Financial institution positioned outdoors the nation, and excluded its monetary establishments from the SWIFT financial institution messaging system.
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Sanctions consultants anticipate that Russia will attempt to bypass sanctions by counting on power gross sales and leaning on the nation’s gold serves and Chinese language forex.
A view reveals the world close to the regional administration constructing, which metropolis officers mentioned was hit by a missile assault, in central Kharkiv, Ukraine. (REUTERS/Vyacheslav Madiyevskyy)
French Finance Minister Burno Le Maire advised France Data radio on Tuesday that sanctions will “trigger the Russian financial system to break down.”
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Russia’s central financial institution has taken drastic steps to prop up the plunging ruble, however overseas funding is flooding overseas.
The Related Press contributed to this report.