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U.S. Secretary of the Treasury Janet Yellen addresses the audience during a press conference in Stresa on May 23, 2024, on the eve of the G7 finance ministers meeting. (Photo by GABRIEL BOUYS / AFP)
US Treasury Secretary Janet Yellen on Thursday urged G7 ministers meeting in Italy to work on "more ambitious options" to use frozen Russian assets to help Ukraine.
"We support the EU's decision to utilise the windfall profits from these assets, but we must also continue our collective work on more ambitious options, considering all relevant risks and acting together," she told a press conference ahead of a meeting of Group of Seven finance ministers and central bankers in Stresa.