The US Treasury Department has stated that there are no legal issues with using revenues generated from frozen Russian assets to provide Ukraine with a $50 billion loan.

Report informs via US media outlets that Treasury Secretary Janet Yellen firmly rejected accusations from Russian President Vladimir Putin, who claimed that using revenues from Russian state assets to benefit Ukraine was tantamount to theft.

This is by no means theft, Yellen clarified, adding that the Russian assets remain in this institution, they are immobilized.

According to her, the term of the Russian investments has already expired. Russia’s money is in the form of cash, but it accrues income for the institution, to which Russia has no rights, she said.

The Treasury Secretary further explained that nearly $200 billion in immobilized Russian state assets will remain frozen in a Belgian financial institution, which is earning income from these funds.