US Treasury Secretary Janet Yellen will be this week call on counterparts to up Caused economic pressures on Russia in response to it invasion of Ukraine and May boycott G-20 sessions attended by Moscow, the Supreme Treasury official announced Monday
Yellen will participate in Spring Meetings of The International Monetary Fund and the World Bank, as well as the groupings of Financial officials from the countries of the Group of Seven and the Group of Twenty, where the repercussions of the war will be key Title of Discussion.
“The secretary Russians think invasion of Ukraine showed need for The world’s largest economies to stand together to defend international command and protect peace and prosperity” official to reporters.
“you will do use This week’s meetings for work with Allies to continue our united efforts to increase economic pressure on Russia while mitigating spillovers.”
The International Monetary Fund and the World Bank warned of The devastating costs of war on The global economyespecially through rising the prices for Energy and food at the same time of High inflation.
Western sanctions on Moscow has contributed to inflationary pressures, hitting the poorest. countries The hardest.
While softening “deeply” concerned’About influences’, we are resolute in for us resolve To hold Russia and its leadership accountable, and to impose severe sanctions.” official She said.
Washington also we will continue work to punish countries that try to evade sanctions and restrain Russian President Vladimir Putin ability to project power.
The official No details provided on Type of penalties or targets.
While you will participate in key This week’s meetings, especially the opening session of G20 focus on Repercussions from the Russian invasionwill not attend further sessions if officials from Moscow are included, a senior US Treasury Department official She said.
Russian financial officials are expected to participate remotely in G20 meeting on Wednesday, and it’s official hosted From Indonesia.
Other officials of world’s leading may economies boycott A French source told Agence France-Presse (AFP) that the sessions. last week.
US President Joe Biden has proposed removing Russia from the G-20.
