Treasury Secretary Janet Yellen said her department plans to 'uncover, freeze and seize' the wealth of Russian oligarchs who support Vladimir Putin.
Yellen spoke at the University of Illinois Chicago's Innovation Center the day after President's State of the Union address and stated that the Treasury Department has made it a priority to"go after oligarchs or Russian elites who are key to President Putin's corrupt power."
"We have sanctioned many of these individuals and we are working with Justice Department colleagues and our international allies to uncover, freeze and seize their wealth around the world," she added. As Russia continues to invade Ukraine, firing on its cities and killing at least 142 civilians, according toon the situation, the U.S. and other western countries have responded with a series of sanctions. The most recent sanctions, announced earlier Wednesday, targeted both Russia and Belarus for"enabling" Russia's actions.
U.S. Secretary of the Treasury Janet Yellen said the Biden administration intends to go after Russian oligarchs after the invasion of Ukraine. Above, Yellen speaks during a Child Tax Credit/Earned Income Tax Credit Day of Action event at the South Court Auditorium at Eisenhower Executive Office Building on February 8, 2022, in Washington, D.C.
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