US: Yellen To Speak On Transatlantic Alliance

Treasury Secretary Janet Yellen is set to deliver remarks shortly to the
Frankfurt School of Finance and Management on the topic of 'the importance of
the transatlantic alliance for people in the U.S., Europe, and around the
world.' Livestream can be found here:
https://www.youtube.com/watch?v=OD3NvMK2hQk.

* Some sections of Yellen's remarks have been trailed early. Regarding

  sanctions on Russia and utilising windfall profits from Moscow's frozen
  assets to fund Ukraine, Yellen is to say "It's (...) critical that we ensure
  Ukraine has the support it needs(...). That's why I believe it's vital and
  urgent that we collectively find a way forward to unlock the value of Russian
  sovereign assets immobilized in our jurisdictions for the benefit of
  Ukraine."

* Reuters reports, "the U.S. has proposed a plan to pull forward the interest

  on (Russian) assets to back a bond or a loan that would provide Ukraine
  perhaps $50 billion in the near term(...). The plan comes with some
  controversy, because it would require Western powers to hold the assets for
  around 20 years..."

* Aside from security issues, the WSJ is reporting :

  https://www.wsj.com/politics/policy/a-global-tax-on-billionaires-janet-yellen
  -says-no-cdb22e2fthat Yellen has come out strongly against the prospect of a
  global 'billionaires tax' proposed by this year's G20 president, Brazil. The
  upcoming G7 fin mins meeting is set to discuss a global wealth tax, but
  Yellen states "We believe in progressive taxation. But the notion of some
  common global arrangement for taxing billionaires with proceeds redistributed

in some way-we're not supportive of a process to try to achieve that,"