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- Janet Yellen signaled her support for a plan to tax profits made on frozen Russian assets this week, according to Bloomberg.
- Any money made would be used to help fund the reconstruction of Ukraine.
- “This seems like a reasonable proposal,” she told the outlet.
US Treasury Secretary Janet Yellen has signaled that she supports a plan by the European Union to impose a windfall tax on frozen Russian assets, according to Bloomberg.
The trading bloc's leaders want to levy any profits made on state-backed investments, and then use the money raised to help fund the rebuild of Ukraine.