US' Yellen In Kyiv-'Severe Consequences' For China If It Arms Russia

Speaking on a surprise visit to the Ukrainian capital, Kyiv, US Treasury Secretary Janet Yellen warns of 'severe consequences' for China if government institutions provide material support to Russia in violation of US sanctions.

• Says that she believes Russia should bear the cost of damage caused by the invasion, but that 'significant legal obstacles' make it difficult to confiscate major frozen Russian assets.
• Said that the US would look at Ukraine's request to sanction Russia's nuclear energy sector, but that the US must be 'mindful' of the impact on its allies (that may see their nuclear sectors affected).
• The presence of Yellen in Kyiv comes as another signal from the Biden administration that it will seek to maintain support for Ukraine amid concerns that there are signs of war fatigue among sections of the US public, and that a Republican-majority House of Representatives could block further financial packages of aid.