US Treasury Secretary Janet Yellen said on Thursday that Russian President Vladimir Putin’s war against Ukraine has had a negative impact on the entire world and that Russian officials are not seated at this week’s G20 meeting.
Speaking at a press conference of financial officials during the G20 meeting, Yellen urged the global community to hold Russia accountable for the war and its dramatic impact on energy prices and rising food insecurity.
When Russian officials spoke, Yellen avoided a question about whether she would leave the meeting, as she and other Western leaders did at their last meeting in Washington in April, but said she would condemn Russia’s invasion of Ukraine “in the strongest possible terms”.
Yellen said she will continue to push hard for a ceiling on the price of Russian oil, which she says will help lower energy prices and protect the global oil flow, following European and potentially UK and US sanctions on oil transport. end of this year.
He added that failure to take such measures will isolate significant amounts of Russian crude, which will drive up global prices for the commodity, adding that he hopes China and India will see that it is in their best interests to join.
Yellen also criticized China for its “non-commercial tactics” and failure to participate in debt restructuring efforts against low-income countries, saying tackling “unacceptably high” inflation is a top priority for the Biden administration, and voiced support for the US central bank. Bank’s measures to raise interest rates to contain the rise in prices.
source: Noticias
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