Yellen says Russian officials have no place at G20 meeting

Yellen said she would continue to push hard for a ceiling on the price of Russian oil, which she said would help drive down energy prices (Image: REUTERS/Leah Millis)

The Treasury Secretary United States, Janet Yellensaid this Thursday that the Russian president’s war, Vladimir PutinAgainst the Ukraine is having a negative effect around the world and that Russian officials have no place at the meeting of the G20 From this week.

Speaking at a press conference during the G20 meeting of financial officials, Yellen called on the global community to hold the Russia by the war and its dramatic impact on energy prices and increasing food insecurity.

Yellen dodged a question about whether she would leave the meeting when Russian officials spoke, as she and other Western leaders did during the last such meeting in Washington in April, but said she would condemn Russia’s invasion of Ukraine “in terms of strongest possible”.

Yellen said it will continue to push hard for a price ceiling Petroleum which she said would help lower energy prices and maintain global oil flows after European and potentially British and US sanctions on Russian oil transport take effect later this year.

Failing to take such measures would isolate a significant amount of Russian crude, which would drive up global prices for the commodity, she said, adding her hope that the China and the India see that it is in your interest to participate.

Yellen also criticized China for its “non-trade tactics” and for failing to participate in debt restructuring efforts for low-income countries, and said combating inflation “unacceptably high” is a top government priority Bidenexpressing support for the US central bank’s measures to increase fees in order to control the rise in prices.

Source: Moneytimes

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