“I suppose in the context of some peace agreement, adjustment of sanctions is possible and could be appropriate,” Yellen was quoted as saying in a media interview ahead of a G20 summit on the Indonesian island of Bali.
“We would probably feel, given what’s happened, that probably some sanctions should stay in place,” she added, as quoted by The Wall Street Journal.
Speaking on the sidelines of the G20 summit in Bali, Yellen told reporters that the United States would on Monday announce new sanctions against 14 individuals and 28 entities that have worked to procure military technology for Russia's war in Ukraine, news agencies reported.
"This is part of our larger effort to disrupt Russia's war effort and deny equipment it needs through sanctions and export controls," Yellen said, as quoted by Ukrainian state news agency Ukrinform.
Yellen in May met with Poland's Prime Minister Mateusz Morawiecki in Warsaw to discuss tighter sanctions against Russia and efforts to strengthen NATO, according to reports at the time.
The meeting took place as Yellen was visiting Poland as part of efforts to increase economic pressure on Russia to end its war against Ukraine, according to the US Department of the Treasury.
The Polish Prime Minister's Office said in a statement at the time that the talks were part of a series of "intensive Polish-American diplomatic contacts" to "coordinate the international response to Russia's military aggression against Ukraine."
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Source: IAR, PAP, Reuters, ukrinform.net