Yellen, others exit G-20 meeting as Russian minister speaks

Yellen said last week that the US could skip some G-20 meetings if Russia attended them. Senior Treasury officials said Monday that in solidarity with her Ukrainian counterpart, she will attend the opening session of the meeting, which will look at the macroeconomic fallout from the war, but may skip other sessions. Yellen will meet privately with Marchenko and Ukrainian Prime Minister Denys Shmyhal on Thursday, a finance ministry official confirmed.

“It will be important for us to stand with our partners and allies against the Russian invasion and in support of Ukraine,” said a senior Finance Ministry official. “We cannot allow Russia to prevent the United States and our partners from doing important work in this session, as well as in some others.”

The Managing Director of the International Monetary Fund, Kristalina Georgieva, said at a news conference on Wednesday morning that some countries could withdraw if Siluanov dialed into the meeting.

Asked about the importance of the G-20 in times of war with its members, Georgieva said: “As an institution with 190 members, I can vouch that it is more difficult when there are tensions, but it is not impossible and important decisions are made. “

President Joe Biden has called for Russia’s expulsion from the G-20, but Indonesia, which chairs the group this year, said it plans to invite Russian officials to meetings this week to coincide with spring meetings of the IMF and World Bank.

In a one-on-one meeting with Indonesian Finance Minister Sri Mulyani Indrawati on Tuesday, “Yellen strongly condemned Russia’s brutal invasion of Ukraine and stressed that there will be no business-as-usual for Russia in the global economy,” the finance ministry said. Yellen, others exit G-20 meeting as Russian minister speaks

Fry Electronics Team

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