Speaking at a press conference dedicated to the upcoming meeting of G20 finance ministers and central bank governors in Sao Paulo, Brazil, Yellen pointed out the need to “unlock the potential” of frozen Russian assets “to support Ukrainian resistance and long-term recovery.”

According to TASS, Yellen also argued that limiting Russia's access to funds and resources would "encourage" Moscow to come to the negotiating table.

Earlier, British Prime Minister Rishi Sunak called on the West to be bolder in confiscating Russian assets.