Plan to fund Ukraine war with Russian assets down to ‘technicalities,’ Canadian lawmaker says
Chrystia Freeland tells POLITICO’s “Power Play” that she’s “very confident” money will start to flow in the coming months.
Janet Yellen
Kamala Harris to hold first rally with running mate Tuesday in Philadelphia
The vice president is expected to announce her pick sometime before the appearance.
Yellen says $3T of fresh capital is needed annually to fight climate change
The Treasury secretary called the shift to a low-carbon global economy “the single greatest opportunity of the 21st century.”
G20 countries agree on need to tax the super-rich — but later
Governments to start looking at question of tax on billionaires, according to statement seen by POLITICO.
15 experts predict what Biden’s dropout means for the 2024 election
Political analysts and historians weigh in on an unprecedented moment in American politics.
Britain finally has a female chancellor. It only took 800 years.
Meet Rachel Reeves: the chess-playing former banker who needs to get the U.K. economy rolling.
Macron joins Brazil’s Lula to tax billionaires — but is it all it’s made out to be?
France’s rich-loving president now backs a plan to target them. There’s a high possibility it’s all just a bluff.
US’s Yellen says G7 loan to Ukraine is definitely legal
“There’s no legal issue here,” the Treasury secretary said.
US expands sanctions threat against banks dealing with Russia
The sweeping new package of sanctions and export controls comes as President Joe Biden heads to the G7 meetings in Italy where leaders are poised to discuss ways to ratchet up pressure on Russia and boost support for Ukraine.
European banks in Russia face ‘awful lot of risk’, Yellen says
US Treasury Secretary Janet Yellen said that European banks face growing risks operating in Russia and the US is looking at strengthening its secondary sanctions on banks found to be aiding transactions for Russia’s war effort.
Macron auf Konfrontationskurs
Das Briefing dazu, wie sich Entscheidungen in Brüssel auf Sie auswirken. Mit dem Wissen des größten Newsrooms der europäischen Hauptstadt. Im Browser anzeigen oder hier anhören von JÜRGEN KLÖCKNER Mit LAURA HÜLSEMANN und JULIUS BRINKMANN DIE TOP-THEMEN — Agent Provocateur: Frankreichs Präsident kommt mit zwei — aus hiesiger Sicht — ungemütlichen Themen nach Deutschland. Es […]
Yellen urges ‘more ambitious’ G7 plans for Russian assets
Stresa, Italy, May 23, 2024 (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.The ministers and central bankers from the Group of …
Russian assets plan for aiding Ukraine to dominate G7 meet
G7 finance ministers gather in Italy on Thursday (23 May) for a three-day meeting dominated by plans to use Russian assets to help Ukraine, as well as new sanctions on Moscow and the commercial threat posed by China.
Palästina-eklat in Europa
Das Briefing dazu, wie sich Entscheidungen in Brüssel auf Sie auswirken. Mit dem Wissen des größten Newsrooms der europäischen Hauptstadt. Im Browser anzeigen oder hier anhören von JÜRGEN KLÖCKNER Mit JULIUS BRINKMANN und LAURA HÜLSEMANN DIE TOP-THEMEN — Eklat in Europa: Drei Länder haben Palästina als Staat anerkannt. Israel rief darauf die Botschafter in Irland […]
Janet Yellen urges EU to join US in curbs on cheap Chinese exports
Comments come as Commission president hints EU could impose tariffs on Chinese electric vehiclesBusiness live – latest updatesJanet Yellen, the US treasury secretary, has urged the EU to intervene urgently to dampen the growing export levels of Chinese…
Despite Western pressure, China in no hurry to reduce Russia support
Despite Western calls on China to cut its support for Moscow’s war against Ukraine by limiting supplies of dual-use materials and weapons components to Russia, Beijing has no interest in dropping its backing for President Vladimir Putin, analysts say.
Ukraine war briefing: US hits China with sanctions over war supplies to Russia
Nearly 300 entities targeted in US sanctions to ‘further disrupt and degrade Russia’s war efforts’; Russians using banned chemical weapons on battlefield, says state department. What we know on day 799See all our Russia-Ukraine war coverageChina has be…
Blinken tells Beijing: Stop boosting Russia or face punishments
He says China needs to do more to curb precursor chemical exports fueling the U.S. opioid overdose epidemic.
Israel and Ukraine dominate Biden’s life. China gets its moment this week.
The irony of Biden’s meetings this week is he gets to show how much Asia work his team has done while highlighting their relative lack of China focus.
Ukraine war briefing: Three killed in second day of Russian attacks on Zaporizhzhia region, says governor
At least nine injured in strikes on region, with industrial facility among targets, official says; Russia has attacked up to 80% of Ukraine’s conventional power plants, says energy minister. What we know on day 776See all our Ukraine war coverageRussia…
Russia-Ukraine war: Operators say another drone downed at Zaporizhzhia nuclear plant – as it happened
Russian-controlled power station says drone shot down over roof over reactor number six, which is currently shut downThe head of the International Atomic Energy Agency (IAEA) has condemned a drone strike on one of six nuclear reactors at the Russian-co…
China pushes back at US overcapacity concerns as Yellen wraps visit
Beijing’s commerce minister dismissed as “groundless” US concerns that a surge of low-cost Chinese exports posed a risk to global markets, as Washington’s Treasury chief on Monday (8 April) wrapped up a visit aimed in part at addressing the issue.
‘Significant consequences’ if Chinese firms help Russia’s war in Ukraine, US’s Yellen warns
US Treasury secretary’s admonition comes after Blinken said China is aiding Moscow’s war effort.
Western powers tangle over Russian assets at G20 finance meeting
Western powers butted heads over how to handle frozen Russian assets on Wednesday (28 February) as G20 finance ministers kicked off a discussion of challenges for the global economy, trying to set aside deep geopolitical divisions.
US official tells EU Biden is committed to Ukraine funding
The West cannot allow Ukraine to run out of money and the Biden administration will continue to support Kyiv, US Secretary of Treasury Janet Yellen said on Wednesday (31 January) in a bid to reassure European officials at joint talks.
Ukraine sees ‘big risk’ of losing war if US Congress postpones vital aid
Ukrainian President Volodymyr Zelenskyy’s chief of staff said on Tuesday (5 December) that the postponement of US assistance for Kyiv being debated in Congress would create a “big risk” of Ukraine losing the war with Russia.