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US Treasury secretary and other finance ministers walk out of G20 meeting with Russia

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Canada’s finance minister Chrystia Freeland wrote on Twitter, “The world’s democracies won’t stand idly by within the face of continued Russian aggression and warfare crimes.” She tweeted a photograph of officers who left assembly, together with Yellen, US Federal Reserve Chairman Jerome Powell and European Central Financial institution President Christine Lagarde.

Forward of the assembly, US officers had mentioned Yellen wouldn’t take part in sure periods of the gathering that included Russia.

Ukrainian officers additionally spoke on the session as invited friends, and likewise walked out throughout Russia’s presentation. Yellen and different officers attended the session throughout these remarks, however departed when Russian Finance Minister Anton Siluanov started talking just about.

A separate official mentioned finance ministers had mentioned plans to boycott Russia’s participation forward of time.

Yellen mentioned earlier this month she had knowledgeable this yr’s G20 host, Indonesia, that she would not take part in periods that included Russia. The G20 finance ministers are gathered in Washington this week to coincide with the annual conferences of the World Financial institution and Worldwide Financial Fund.

Forward of Wednesday’s walkout, Treasury officers made clear it could not be enterprise as common when it got here to Yellen’s interactions with Russian officers throughout this week’s large gathering of world financial leaders.

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Whereas Yellen will attend some periods of the G20 Finance Ministers and Central Financial institution Governor assembly with Russian officers current, together with the opening session, she won’t be taking part in all of them if the Russians are there, based on a senior US Treasury Official.

“President Biden’s made clear and I actually agree with him that it can’t be enterprise as common for Russia in any of the monetary establishments,” Yellen advised the Home Monetary Providers Committee. “He is requested that Russia be faraway from the G20 and I’ve made clear to my colleagues in Indonesia that we’ll not be taking part in a variety of conferences if the Russians are there.”

Whereas President Biden has mentioned Russia ought to not be within the G20, ejecting Moscow would require the assist of all members. That’s thought of unlikely, as China has mentioned it could not again kicking Russia out.

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