October 7, 2022

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The Business Effect

Yellen tells Indonesian finance minister: ‘No business-as-usual’ for Russia

U.S. Treasury Secretary Janet Yellen solutions queries about the current and long run condition of the U.S. and worldwide overall economy at the Atlantic Council in Washington, U.S., April 13, 2022. REUTERS/Leah Millis

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WASHINGTON, April 20 (Reuters) – U.S. Treasury Secretary Janet Yellen told her counterpart from Indonesia that there will be no “organization-as-standard” for Russia in the worldwide economy given its invasion of Ukraine, the Treasury Office stated in a statement on Wednesday.

Yellen advised Indonesian Finance Minister Sri Mulyani Indrawati throughout a assembly on Tuesday that the United States will keep on to function with Indonesia, which at the moment leads the Group of 20 big economies, to progress G20 business enterprise.

“Secretary Yellen firmly condemned Russia’s brutal invasion of Ukraine, and emphasized there will be no enterprise-as-common for Russia in the world financial system,” Treasury explained. “Secretary Yellen emphasised that the United States will proceed to get the job done in solidarity with Indonesia to progress the important business enterprise of the G20, such as addressing the adverse impacts of Russia’s invasion on the worldwide economic system.”

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Reporting by Andrea Shalal
Modifying by Chizu Nomiyama

Our Requirements: The Thomson Reuters Trust Concepts.