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

U.S. Treasury Secretary Janet Yellen answers questions about the present-day and potential point out of the U.S. and world-wide economic climate 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 informed her counterpart from Indonesia that there will be no “business-as-usual” for Russia in the world economic climate given its invasion of Ukraine, the Treasury Division explained in a statement on Wednesday.

Yellen told Indonesian Finance Minister Sri Mulyani Indrawati for the duration of a meeting on Tuesday that the United States will continue to function with Indonesia, which currently leads the Team of 20 main economies, to advance G20 enterprise.

“Secretary Yellen firmly condemned Russia’s brutal invasion of Ukraine, and emphasised there will be no business enterprise-as-standard for Russia in the world-wide economic system,” Treasury said. “Secretary Yellen emphasised that the United States will proceed to function in solidarity with Indonesia to progress the essential small business of the G20, such as addressing the destructive impacts of Russia’s invasion on the international economic system.”

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Reporting by Andrea Shalal
Enhancing by Chizu Nomiyama

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