US to forgo some G-20 meetings over opposition to Russian invasion




  • In World
  • 2022-04-19 18:57:01Z
  • By The Hill
 

Treasury Secretary Janet Yellen will be forgoing some of the Group of 20 (G-20) meetings this week over Russia's invasion of Ukraine, a U.S. Treasury official confirmed to The Hill.

"Both Secretary Yellen and President Biden have made clear that it can't be business as usual for Russia in the global economy, and that includes within global financial institutions and our meetings," the official said.

"The President asked for Russia to be removed from the G20, and Secretary Yellen - as she said last week - has made clear that she won't be participating a number of the G20 meeting sessions at Bank Fund if the Russians are participants."

According to a source familiar, the meetings that Yellen will be not be attending include ones on sustainable finance and international financial architecture. No nations from the Group of Seven (G-7) are boycotting the full G-20 gathering.

There are other meetings that Yellen will participate in, including the opening ceremony, which will also include the Ukrainian finance minister as a show of solidarity for Ukraine, the Treasury official told The Hill.

"While Secretary Yellen and our partners will continue to work in solidarity to advance the important business of the G20, she will also voice our strong condemnation of Putin's brutality and make it clear that the benefits and privileges of the leading economic institutions of the world - which we helped create after WW2 - are reserved for countries that demonstrate respect for the core principles that underpin peace and security across the world," the Treasury official added.

The Washington Post was the first to report the news of Yellen's boycott.

During a House briefing earlier this month, Yellen warned the United States would not participate in the G-20 meetings if Russia was also there, noting that President Biden had called for Russia to be removed from the G-20.

"So, President Biden's made it clear, and I certainly agree with him, that it cannot be business as usual in any - for Russia in any of the financial institutions," Yellen said during a House hearing.

"He's asked that Russia be removed from the G-20," Yellen said in response to a question at the hearing, adding, "And I've made clear to my colleagues in Indonesia that we will not be participating in a number of meetings if the Russians are there."

The Russian invasion in Ukraine, more than 50 days in, has been widely condemned by countries around the world, leading Russian elites, banks, sectors of its economy and imports to be sanctioned internationally.

- Updated at 3:06 p.m.

For the latest news, weather, sports, and streaming video, head to The Hill.

COMMENTS

More Related News

Russia barrage on Ukraine shows no sign of letting up following apartment building strike: Live updates
Russia barrage on Ukraine shows no sign of letting up following apartment building strike: Live updates

Russia claims it only hits civilian targets that the Ukrainian military had taken over for use as a command post, weapons depot or other operations.

Russians press assault on eastern Ukrainian city of Lysychansk
Russians press assault on eastern Ukrainian city of Lysychansk

Ukrainian fighters have spent weeks trying to defend the city and to keep it from falling to Russia, as neighboring Sievierodonetsk did a week ago.

Russians press assault on eastern Ukrainian city
Russians press assault on eastern Ukrainian city
  • World
  • 2022-07-02 09:03:01Z

Russian forces are pounding the city of Lysychansk and its surroundings in an all-out attempt to seize the last stronghold of resistance in eastern Ukraine's...

Ukraine Latest: JPMorgan Warns of
Ukraine Latest: JPMorgan Warns of 'Stratospheric' Oil Spike

(Bloomberg) -- The death toll in Friday's Russian missile strikes near the Black Sea port city of Odesa is now estimated at 21 people, with dozens more...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

  • Escorts in Lahore
    (2022-04-21 09:06:19Z)

    Escorts in Lahore 03001229299 HiFi Erotic Call Girls in Lahore available 24*7 Lovely Hot Girls at Good price range lahore24escorts.com. In addition, a Lahore Escorts can also help you avoid getting tired and sad after a long day at work.

    REPLY
  • call girls in lahore
    (2022-04-22 06:48:06Z)

    Looking for Call Girls in Lahore can be hard too, especially if you don’t know where to go. Call Girls can make your dreams come true.0300 1191915 call now for booking. Most online directories have information on previous clients. Once you have a shortlist of several sexy call girls in Lahore, it is time to start partying.

    REPLY
  • escorts in islamabad
    (2022-04-26 09:45:27Z)

    You will get the real and 100% genuine Escorts in Islamabad services. We have professional Call Girls in Islamabad Call Now :03001191915 . You can rest assured that you will get the service you deserve and have a memorable time.

    REPLY

Top News: World