Yellen says use of Russian assets is not 'theft'
SUMMARY
Treasury Secretary Janet Yellen discussed the contentious $50 billion loan to Ukraine on ABC News' "This Week." The loan, aimed at aiding Ukraine's reconstruction and defense against Russian offensives, is backed by profits from frozen Russian assets. Following the announcement at the G7 conference, Russian President Vladimir Putin condemned the move, labeling the seizure of Russian assets as "theft" and warning it "will not go unpunished." Yellen countered, explaining, "The assets have been impounded, and Russia's funds, now sitting in cash, are generating income for the institution, which Russia has no claim on. So there's no legal issue here."