Biden Administration's Plan to Seize Russian Central Bank Assets
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Questions and Answers

What is the Biden administration signaling support for?

  • Providing military aid to China
  • Seizing more than $300 billion in Russian central bank assets (correct)
  • Imposing sanctions on European nations
  • Negotiating peace talks with Russia

    • Who had argued that seizing the funds was 'not something that is legally permissible in the United States'?

  • Treasury Secretary Janet L. Yellen (correct)
  • President Joe Biden
  • Secretary of State Antony Blinken
  • Russian President Vladimir Putin

    • What has been a concern among some top American officials regarding seizing the funds?

  • The risk of military retaliation from Russia
  • Nations hesitating to keep their funds at the New York Federal Reserve (correct)
  • The impact on global oil prices
  • The potential for cyber attacks from Russia

    • What has the Biden administration been pressing Britain, France, Germany, Italy, Canada and Japan to come up with?

    <p>A strategy by Feb. 24</p> Signup and view all the answers

    What has support for such legislation been doing in Congress?

    <p>Building</p> Signup and view all the answers

    True or false: Treasury Secretary Janet L. Yellen has argued that seizing the funds is legally permissible in the United States without action by Congress?

    <p>False</p> Signup and view all the answers

    True or false: The Biden administration has begun urgent discussions with allies about using the funds to aid Ukraine's war effort because of an abundance of financial support?

    <p>False</p> Signup and view all the answers

    True or false: The Biden administration is considering using its existing authorities without seeking congressional action to use the funds?

    <p>True</p> Signup and view all the answers

    True or false: The talks among finance ministers, central bankers, diplomats, and lawyers have not intensified in recent weeks according to officials?

    <p>False</p> Signup and view all the answers

    True or false: The Biden administration has been pressing Britain, France, Germany, Italy, Canada, and Japan to come up with a strategy by Feb. 24, the second anniversary of the invasion?

    <p>True</p> Signup and view all the answers

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