December 3, 2022

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

U.S. Treasury Secretary Janet Yellen answers questions about the current and potential state of the U.S. and worldwide financial system 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 instructed her counterpart from Indonesia that there will be no “company-as-normal” for Russia in the world-wide financial state specified its invasion of Ukraine, the Treasury Section mentioned in a statement on Wednesday.

Yellen explained to Indonesian Finance Minister Sri Mulyani Indrawati during a conference on Tuesday that the United States will carry on to function with Indonesia, which at the moment leads the Team of 20 main economies, to progress G20 small business.

“Secretary Yellen firmly condemned Russia’s brutal invasion of Ukraine, and emphasized there will be no business enterprise-as-regular for Russia in the world overall economy,” Treasury explained. “Secretary Yellen emphasised that the United States will carry on to perform in solidarity with Indonesia to progress the essential enterprise of the G20, including addressing the unfavorable impacts of Russia’s invasion on the global economic system.”

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Reporting by Andrea Shalal
Enhancing by Chizu Nomiyama

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