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Capehart

Treasury Secretary Janet Yellen on how sanctions work to isolate Russia

Capehart

The Washington Post

News Commentary, Politics, News

4.61.4K Ratings

🗓️ 15 March 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

In this conversation recorded on March 10 for Washington Post Live, Treasury Secretary Janet Yellen discusses the effects of sanctions on Russia's economy, record-high inflation and gas prices affecting American consumers.

Transcript

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0:00.0

I'm Jonathan Capehart and welcome to Capehart.

0:06.0

The Russian invasion of Ukraine has led to significant global sanctions against Russia,

0:10.6

its leaders, and oligarchs.

0:12.4

Smack in the middle of the United States' effort is Treasury Secretary Janet Yellen.

0:17.1

We have isolated Russia financially.

0:21.2

The ruble has been in a free fall.

0:24.0

The Russian stock market is closed.

0:27.0

Russia has been effectively shut out of the international financial system.

0:34.2

In this conversation, first recorded on March 10th for Washington Post Live, Secretary

0:38.8

Yellen talks more about how the sanctions work.

0:41.6

We also discuss record high inflation and gas prices hitting American consumers.

0:46.8

And she tells me when we'll be able to pay for things with a Harriet Tubman $20 bill.

0:54.8

Secretary Yellen, thank you for coming to Washington Post Live.

0:58.0

Thanks so much for inviting me, Jonathan, nice to be with you.

1:03.2

So let's start with a little bit of breaking news.

1:05.9

A few hours ago, the British announced sanctions against Roman Abramovich,

1:11.2

the Russian oligarch who also owns the Chelsea football team, which he was trying to sell,

1:16.8

but can't now, because of the sanctions.

1:20.0

Will the United States follow suit?

1:22.0

Well, we have a list of individuals, Russians, on whom we have imposed sanctions,

1:31.4

and a further group of individuals that we're considering.

1:36.4

So the names continue to be added to the sanction list.

...

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