Sanctions having 'significant negative effect' on Russian economy, says Yellen

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Sanctions having 'significant negative effect' on Russian economy, says Yellen
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BENGALURU, Feb 23 — Sanctions imposed on Russia are having a

"very significant effect", US Treasury Secretary Janet Yellen said today, calling the invasion of Ukraine a"strategic failure" by Vladimir Putin.

"It is finding it extremely difficult because of our sanctions and our export controls to obtain the material it needs to replenish its munitions and to, for example, repair 9,000 tanks that have been destroyed because of the war," Yellen told reporters in Bengaluru.

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