WARSAW (Reuters) - U.S. Treasury Secretary Janet Yellen on Monday drew parallels between the financial pressure that the United States and its allies are imposing on Russia to the efforts of a 1940s Treasury secretary to deny financial resources to Nazi Germany.
Yellen, speaking at the POLIN Museum of the History of Polish Jews in Warsaw, said that in 1940 then-Treasury secretary Henry Morgenthau persuaded then-President Franklin D. Roosevelt to sign executive orders to freeze assets of Denmark and Norway despite U.S. neutrality at the time.