Janet Yellen told about options for solving the problem with frozen russian assets

​​U.S. Treasury Secretary Janet Yellen said that direct seizure of Russian assets is justified, but is only one possibility.

According to her, the assets could also serve as collateral for borrowing on the market to help Ukraine.

"This is an option that has been discussed. Leaders have asked us to give them a range of options," Yellen said in an interview with the publication when asked if the main option was to transfer the interest on these assets to issue bonds or loans for Ukraine.

Yellen said that Washington remains convinced that the full confiscation of russian assets is justified under international law, but added that other approaches are likely to be more acceptable to some G7 partners who still have doubts about certain deterrents.

According to her, the Europeans have taken a very constructive step: most of the russian assets held in Belgium are now converted into cash, and Euroclear receives interest on these assets.

"The European Union has agreed to separate these interests and essentially move forward. This is an approach that can be widely supported by countries that are concerned about asset confiscation... there are a number of options," she emphasized.

This approach, she said, is one of several options being discussed by the G7 countries ahead of the leaders' summit in June.

At the end of May, G7 finance ministers will revisit the issue at a meeting to develop a consensus proposal to present to leaders at the June summit.

Source: Reuters