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U.S. Treasury Secretary Janet Yellen said on Tuesday that it is "urgent" for the G7, the group of seven leading industrialized nations, to seize some $285 billion worth of frozen Russian assets and redirect the funds to Ukraine.
Pressure has been mounting on the United States and Europe to make use of the funds. Although Yellen said that there isn't a "preferred strategy" to address the issue, she added that the G7 makes up more than half the global economy and all action should be taken jointly.
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