Yellen: US Examining Options on Russian Sovereign Assets

The video discusses the immobilization of Russian central bank reserves, amounting to $300 billion, in collaboration with allies and partners. The G7 is committed to keeping these assets immobilized until Russia addresses the conflict's damages. Most assets are outside the U.S., necessitating coordinated actions with allies. Efforts are underway to map asset locations and explore options under existing authorities, with ongoing discussions involving Congress.

Why is it critical to consult with allies and partners regarding next steps?

What options are being examined concerning the immobilized assets?