Former advisor to Margaret Thatcher Nile Gardiner discusses the effect sanctions have had on the Russian economy thus far on ‘Fox Business Tonight.’
A bipartisan group of senators is working with the Treasury Department to prevent Russia from liquidating its giant stash of gold, potentially blocking one of the Kremlin's last methods for circumventing punishing financial sanctions.
Treasury Secretary Janet Yellen will meet this week with Sens. Angus King, I-Maine, John Cornyn, R-Texas, Bill Hagerty, R-Tenn., and Maggie Hassan, D-N.H., to discuss the legislation that would target Russia's ability to sell gold reserves, a Treasury spokesperson told FOX Business. The news was first reported by Axios.
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"Secretary Yellen regularly meets with members of Congress to discuss legislation," the person said. "Additionally, Treasury staff frequently provide technical assistance on sanctions bills."