Russia-Ukraine war latest news: conflict at ‘strategic turning point’, says Zelenskiy; fears Belarus

Satellite images show Russian troops closing in on capital; EU leaders plan joint rearmament after Versailles summit; US and UK target Russian luxury goods<br />#RussiaUkrainelatest #news #conflict<br />06:09<br /><br />U.S. Treasury Secretary Janet Yellen said on Friday that the U.S. economy remains strong despite sanctions threats from Russia over its invasion of Ukraine and inflation.<br /><br />As the Fed is widely expected to raise U.S. interest rates next week in response to rising prices, Yellen also said that tightening monetary policy to fight inflation could lead to a recession, but she believes the Fed has the ability to make up for that.<br /><br />Wall Street traders. Ellie Joseph/The Associated Press<br /><br />Financial markets have endured a turbulent week as Western allies tighten sanctions on Russia, particularly in the oil and gas sector, raising the risk of a sharp rise in fuel prices for already stressed consumers.