Yellen to push G7 on bond for Ukraine backed by frozen Russian asset profits

International law citation needed.

Russian economy grew by 5.4% in the first quarter of the year. Putin specially cited not using the US$ in trade has added tremendous impetus for growth. If or when Japan dumps the US$, it will do the same. The longer Japan doesn't do that, the longer it will stagnate if not decline while citizens pay for the inflation USA exports.

Finally Janet doing something I agree with. Good for her.

Russia should just turn everything off and cease to export gas/oil at all, unless to other BRIC allies. And when this finally over, don't expect them to trust the West again.

why should there be an issue with frunding the Ukraine is interest from Russian assets?

The U.S. has not been able to stop Russia's economy, nor have its sanctions or other measures harmed Russia, on the contrary, Russia is stronger, so is China..

Keep dreaming losers, LOL..

The U.S. has not been able to stop Russia's economy, nor have its sanctions or other measures harmed Russia, on the contrary, Russia is stronger, so is China.. 

True, but China is becoming more and more dependent on Russia and China's economy is slowing down, so that is a strong plus.

Keep dreaming losers, LOL..

Oh, not a dream, not at all.

Yellen is carelessly endangering the global economic system and the US currency. It is really shocking. The Biden administration has send a signal to China by imposing tariffs on EVs and demanding that ByteDance divest itself of TicTok. By going after Russian assets, a country the US is not at war with, the message to China is to dump all US treasuries and bonds. China is already dumped $53 billion in treasuries and bonds this year. If they dump their remaining $750 billion, the US dollar will collapse.

proxyToday 12:58 am JST

China is already dumped $53 billion in treasuries and bonds this year. If they dump their remaining $750 billion, the US dollar will collapse.

Please do so as the yield curve is still negative and we need to bump that up a bit. Also will be kind of tough for China with its currency pegged to the US dollar.

toraMay 20 12:17 pm JST

Russia should just turn everything off and cease to export gas/oil at all, unless to other BRIC allies. And when this finally over, don't expect them to trust the West again.

I agree, but commentators keep telling us Germany will come crawling back somehow.