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Yellen says G20 getting work done despite walkout over Ukraine war -Breaking


© Reuters. FILE PHOTO: U.S. Treasury Secret Janet Yellen gives a speech at the Atlantic Council, Washington, U.S.A, on April 13, 2022, about the state and potential future of the U.S. economy. REUTERS/Leah Millis

By David Lawder

WASHINGTON, (Reuters) – U.S. Treasury secretary Janet Yellen stated on Thursday that she is committed to working with the Group of 20 major economics to resolve difficulties caused by Russia’s invasion of Ukraine. This was despite a walkout from her and other Western officials at a G20 finance conference as Russian officials spoke.

“I think that we were searching for a means to express our disapproval while still acknowledging we have a lot work ahead of us,” Yellen stated at a news conference.

Yellen claimed that Russia’s invasion in Ukraine was “a violation of international norms”. The United States, its allies and the United Kingdom will not permit Russia to join international institutions nor to listen to their officials’ speeches.

According to people who were familiar with it, another protest took place at Thursday’s meeting of the International Monetary Fund steering committee. This was organized by Rishi, Canadian Finance Minister Chrystia, and Jerome Powell, Federal Reserve Chair.

Yellen stated that Russia cannot continue to participate in global forums such as the G20 and other ones where it faces common problems.

She explained that the G20 needs to address the effects of Russia’s “horrible conflict of choice” in Ukraine. This includes rising energy prices and food insecurity.

She stated, “We will continue to do that work,”