US will boycott some G-20 meetings if Russia attends: Yellen

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The United States is set to boycott some meetings related to the Group of 20 major economies if Russian officials show up, Treasury Secretary Janet Yellen said Wednesday amid ongoing tensions with Moscow over its invasion of the capital. ‘Ukraine.

US President Joe Biden has claimed that Russia should be removed from the G-20, which includes major developed and developing economies.

U.S. Treasury Secretary Janet Yellen speaks during a press conference in Venice, Italy, July 11, 2021, after attending a meeting of the Group of 20 Chief Financial Officers and Central Bank Governors. (Kyōdo) == Kyōdo

“President Biden has made it clear and I certainly agree with him that business cannot be business as usual for Russia at any of the financial institutions,” Yellen said during a congressional hearing.

“He asked for Russia to be removed from the G-20 and I made it clear to my colleagues in Indonesia (…) that we will not participate in a number of meetings if the Russians are there,” he said. she added. Indonesia holds the rotating presidency of the group this year.

According to Reuters, a Treasury spokesperson later said that Yellen was referring to a meeting of G-20 finance chiefs on April 20 on the sidelines of the spring sessions of the International Monetary Fund and World Bank in Washington, and meetings of associate deputies.

It is unclear whether Russia will join the gathering of finance ministers and central bank governors, which will be the first G-20 ministerial talks since Russia began its military campaign against Ukraine on February 24. .

An annual G-20 summit is scheduled for November in Indonesia. Russia has said President Vladimir Putin intends to attend the leaders’ talks and Indonesia said last month it had extended an invitation.

The G-20 includes Argentina, Australia, Brazil, Great Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United States and Europe. Union.

China and India were among 35 countries that abstained in voting on a UN General Assembly resolution in early March deploring Russia’s attack on Ukraine.

In an effort to isolate Russia, the industrialized countries of the Group of Seven, which are all members of the G-20, have agreed that international organizations and multilateral forums should no longer conduct business with Moscow “in the usual way”.

Russia had been part of the group since the 1990s – then known as the Group of Eight – until it was removed from the framework following an international outcry over its annexation of Crimea to the Ukraine in 2014.


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