Remarks by Secretary of the Treasury Janet L. Yellen Ahead of Bilateral Meeting with Chancellor of the Exchequer Rachel Reeves of the United Kingdom

As Prepared for Delivery It is a pleasure to meet with Chancellor Reeves for the first time in person since her recent appointment as the United Kingdom’s Chancellor of the Exchequer. I look forward to furthering the U.S. and UK’s deep, longstanding, and special relationship, including advancing our joint work on shared international economic priorities. Treasury continues to work closely with the UK on strengthening our sanctions against Russia to reduce the Kremlin’s revenues and disrupt Russia’s ability to get the critical goods it needs, including through third countries like China, to prosecute its war of choice against Ukraine. The UK will also be an essential partner as we build on the G7 Leaders’ Apulia Summit commitment to unlock the value of immobilized Russian sovereign assets to help secure economic and security assistance for Ukraine.