The memo to Yellen, who is also a former Chair of the Federal Reserve, states:
SUBJECT: Delegation of Certain Functions and Authorities Under the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act
By the authority vested in me as President by the Constitution and the laws of the United States of America, including section 301 of title 3, United States Code, I hereby order as follows:
Section 1. (a) I hereby delegate to the Secretary of the Treasury the functions and authorities vested in the President by sections 104(a)(1) and 104(a)(2)(A) of the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act (Division F of Public Law 118-50) (the “Act”).
(b) I hereby delegate to the Secretary of State, in consultation with the Secretary of the Treasury, the functions and authorities vested in the President by sections 104(g), 104(i), 105(c), 105(e), and 105(g) of the Act.
Sec. 2. The delegations in this memorandum shall apply to any provisions of any future public laws that are the same or substantially the same as those provisions referenced in this memorandum.
Sec. 3. The Secretary of the Treasury is authorized and directed to publish this memorandum in the Federal Register.
On the same day the Treasury Department gave new information on how to enforce it.
Acting General Counsel of the Treasury Addar Levi said in a statement:
Congress took an important step with the passage of the REPO for Ukrainians Act to unlock the value of immobilized Russian sovereign assets to support Ukraine’s continued resilience and reconstruction. The United States will continue to work with our foreign partners, including the G7, to deliver support to Ukraine.
Treasurer Yellen garnered controversy in June when she tried to justify the seizure of roughly $300 billion of Russian assets to Americans – some of which will be sent to fund the war effort in Ukraine – claimed:
There is no sense at all in which it’s theft. The Russian assets remain in this institution, they’ve been impounded. The Investments that Russia have matured so Russia’s funds are sitting in cash, but they’re generating income for the institution which Russia has no claim on, so there’s no legal issue here.
Such a remark, however, establishes a shaky precedent as it essentially implicates that interest accrued at a bank is not really the customer’s but the bank’s money.
However, just a few weeks ago, Yellen admitted during a Congressional hearing that the sanctions levied on Russia and seizing of its assets are a big component driving international de-dollarization.
In the realm of sanctions, we have very powerful sanctions that are available because of the important role of the dollar in international transactions. The ability to cut off foreign banks or other businesses or individuals from the ability to transact through the U.S. financial system…
The more we have used sanctions, the more countries look for ways to engage in financial transactions that don’t involve the dollar.
Yellen said
AUTHOR COMMENTARY
Proverbs 17:7 Excellent speech becometh not a fool: much less do lying lips a prince.
We know that Biden was just a corpse when he entered office, and I am convinced that “he” is just a string of body-doubles and really intricate media manipulation, but these subtle actions that get no press time reveal that the establishment is furthering their consolidation of the system by giving more into the hands of these criminal banksters and big business.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.
The Pink Salt Trick is a minimalist but effective morning routine: Just drink a glass of lukewarm water mixed with a pinch of Himalayan pink salt as soon as you wake up.
Wow! Thank you! I always wanted to write on my blog something like that. Can I take a fragment of your post to my site?
Woh I enjoy your blog posts, bookmarked! .
What’s Happening i am new to this, I stumbled upon this I have found It positively helpful and it has helped me out loads. I hope to contribute & help other users like its helped me. Great job.
of course like your web-site but you have to take a look at the spelling on several of your posts. Several of them are rife with spelling issues and I in finding it very bothersome to tell the truth nevertheless I will definitely come back again.
The Pink Salt Trick is a minimalist but effective morning routine: Just drink a glass of lukewarm water mixed with a pinch of Himalayan pink salt as soon as you wake up.
great publish, very informative. I wonder why the opposite specialists of this sector do not notice this. You should continue your writing. I’m confident, you have a great readers’ base already!
I see something genuinely interesting about your weblog so I saved to my bookmarks.
Wow! Thank you! I always needed to write on my blog something like that. Can I include a portion of your post to my blog?
You made some clear points there. I looked on the internet for the issue and found most persons will approve with your website.
Whats up! I just want to give an enormous thumbs up for the nice data you will have here on this post. I will be coming back to your blog for more soon.
I have been browsing on-line more than 3 hours as of late, but I by no means found any attention-grabbing article like yours. It’s beautiful price enough for me. In my view, if all website owners and bloggers made good content as you did, the internet will be much more helpful than ever before. “Nothing will come of nothing.” by William Shakespeare.
Sleep Lean is a natural supplement designed to improve sleep quality and aid weight loss while you sleep.
Hiya! I just want to give a huge thumbs up for the great data you’ve got here on this post. I shall be coming back to your weblog for more soon.
Together with everything that seems to be building within this specific area, all your opinions are quite exciting. Nevertheless, I am sorry, because I do not subscribe to your whole theory, all be it stimulating none the less. It looks to everyone that your comments are generally not totally rationalized and in reality you are your self not even completely certain of the argument. In any case I did enjoy reading it.
Magnificent site. Lots of helpful info here. I’m sending it to several friends ans additionally sharing in delicious. And obviously, thanks to your sweat!
Thank you for sharing excellent informations. Your web-site is so cool. I’m impressed by the details that you¦ve on this site. It reveals how nicely you perceive this subject. Bookmarked this website page, will come back for more articles. You, my pal, ROCK! I found just the info I already searched everywhere and just could not come across. What a perfect web site.
so much excellent info on here, : D.
I was just seeking this info for some time. After 6 hours of continuous Googleing, at last I got it in your web site. I wonder what is the lack of Google strategy that don’t rank this kind of informative sites in top of the list. Normally the top sites are full of garbage.
Hey just wanted to give you a quick heads up. The text in your post seem to be running off the screen in Internet explorer. I’m not sure if this is a formatting issue or something to do with browser compatibility but I thought I’d post to let you know. The design look great though! Hope you get the issue resolved soon. Kudos
I truly enjoy studying on this internet site, it holds superb articles.
Nice read, I just passed this onto a friend who was doing some research on that. And he actually bought me lunch because I found it for him smile So let me rephrase that: Thank you for lunch!
The Pink Salt Trick is a minimalist but effective morning routine: Just drink a glass of lukewarm water mixed with a pinch of Himalayan pink salt as soon as you wake up.
I haven¦t checked in here for a while since I thought it was getting boring, but the last few posts are good quality so I guess I will add you back to my daily bloglist. You deserve it my friend 🙂
Some genuinely nice stuff on this site, I enjoy it.
I appreciate, cause I found just what I was looking for. You’ve ended my 4 day long hunt! God Bless you man. Have a great day. Bye
Hello this is kind of of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding experience so I wanted to get guidance from someone with experience. Any help would be greatly appreciated!
Hi, Neat post. There’s a problem with your site in internet explorer, would test this… IE still is the market leader and a good portion of people will miss your fantastic writing due to this problem.
Thanks for another informative web site. Where else may just I am getting that kind of info written in such an ideal method? I’ve a venture that I am just now running on, and I’ve been at the glance out for such info.
Some truly nice and utilitarian information on this website , as well I conceive the design and style has good features.
Hi my friend! I wish to say that this post is awesome, great written and include approximately all significant infos. I?¦d like to look extra posts like this .
I got good info from your blog
you’re really a just right webmaster. The site loading velocity is incredible. It kind of feels that you are doing any unique trick. Also, The contents are masterwork. you have done a wonderful job in this topic!
Nice read, I just passed this onto a colleague who was doing a little research on that. And he actually bought me lunch because I found it for him smile Thus let me rephrase that: Thanks for lunch! “For most of history, Anonymous was a woman.” by Virginia Woolf.
An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!
Throughout this great scheme of things you actually receive a B+ with regard to effort. Where exactly you lost me personally ended up being in your facts. As it is said, details make or break the argument.. And it couldn’t be much more correct here. Having said that, allow me inform you precisely what did work. The text is actually really powerful and that is possibly why I am taking an effort to opine. I do not really make it a regular habit of doing that. Secondly, even though I can certainly see a leaps in logic you make, I am not really sure of just how you appear to unite the ideas which inturn make your final result. For now I shall yield to your point but hope in the near future you connect the dots better.
Howdy would you mind letting me know which hosting company you’re utilizing? I’ve loaded your blog in 3 different internet browsers and I must say this blog loads a lot quicker then most. Can you suggest a good web hosting provider at a reasonable price? Many thanks, I appreciate it!
I regard something truly special in this site.
Whats up! I just would like to give an enormous thumbs up for the great info you could have right here on this post. I will probably be coming again to your weblog for more soon.
You made some first rate factors there. I regarded on the web for the difficulty and found most people will go together with along with your website.
Heya! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing a few months of hard work due to no backup. Do you have any solutions to prevent hackers?
It is actually a nice and helpful piece of information. I am happy that you just shared this useful info with us. Please stay us informed like this. Thank you for sharing.
I am often to blogging and i really appreciate your content. The article has really peaks my interest. I am going to bookmark your site and keep checking for new information.
Right now it seems like Drupal is the top blogging platform available right now. (from what I’ve read) Is that what you’re using on your blog?
Great post. I am facing a couple of these problems.
I really appreciate this post. I have been looking everywhere for this! Thank goodness I found it on Bing. You’ve made my day! Thanks again
Very interesting information!Perfect just what I was searching for! “Oh, I don’t blame Congress. If I had 600 billion at my disposal, I’d be irresponsible, too.” by Lichty and Wagner.
I really like your writing style, fantastic information, thankyou for posting : D.
I don’t ordinarily comment but I gotta say appreciate it for the post on this one : D.
A powerful share, I just given this onto a colleague who was doing slightly analysis on this. And he in truth bought me breakfast as a result of I discovered it for him.. smile. So let me reword that: Thnx for the treat! However yeah Thnkx for spending the time to debate this, I feel strongly about it and love reading extra on this topic. If attainable, as you grow to be experience, would you mind updating your weblog with extra particulars? It is highly helpful for me. Huge thumb up for this blog put up!