Ukraine needs the West to do more than seize Russian assets, Janet Yellen says

• Seizing Russian assets won't make up for the failure to send aid to Ukraine, Janet Yellen warned.
• "I don't see a real substitute for Congress providing Ukraine the aid it needs this year," she said.
• Republicans have blocked a plan to send aid to Ukraine in a bid to force Joe Biden to take action on immigration.

Ukraine needs the West to do much more than just seize frozen Russian assets, according to Janet Yellen.

Speaking in São Paulo last week, the Treasury Secretary said that Kyiv was still in desperate need of foreign aid as the conflict dragged on.

"I don't see a real substitute for Congress providing Ukraine the aid it needs this year," she told Bloomberg. "I don't think anyone can fill that gap."