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

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U.S. Treasury Secretary Janet Yellen answers questions about the current and future state of the U.S. and global economy at the Atlantic Council in Washington, U.S., April 13, 2022. REUTERS/Leah Millis Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 20 (Reuters) – U.S. Treasury Secretary Janet Yellen […]

U.S. Treasury Secretary Janet Yellen answers questions about the current and future state of the U.S. and global 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 “business-as-usual” for Russia in the global economy given its invasion of Ukraine, the Treasury Department said in a statement on Wednesday.

Yellen told Indonesian Finance Minister Sri Mulyani Indrawati during a meeting on Tuesday that the United States will continue to work with Indonesia, which currently leads the Group of 20 major economies, to advance G20 business.

“Secretary Yellen firmly condemned Russia’s brutal invasion of Ukraine, and emphasized there will be no business-as-usual for Russia in the global economy,” Treasury said. “Secretary Yellen emphasized that the United States will continue to work in solidarity with Indonesia to advance the important business of the G20, including addressing the negative impacts of Russia’s invasion on the global economy.”

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Reporting by Andrea Shalal
Editing by Chizu Nomiyama

Our Standards: The Thomson Reuters Trust Principles.

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