"Global Leaders Urged to Redirect Frozen Russian Assets to Aid Ukraine"

Treasury Secretary Janet Yellen urged world leaders at the G20 meeting to unlock roughly $300 billion in frozen Russian Central Bank assets and use them for Ukraine's reconstruction, stating that it would send a decisive response to Russia's threat to global stability. The idea has gained traction as allied funding for Ukraine becomes uncertain, but there are concerns about the impact on the U.S. dollar's standing. Yellen believes tapping the funds is unlikely to harm the dollar's position, especially given the unique situation with Russia's violation of international norms.