February 26, 2024

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

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U.S. Treasury Secretary Janet Yellen responses queries about the current and long run condition of the U.S. and world economic 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 advised her counterpart from Indonesia that there will be no “business-as-usual” for Russia in the international financial state supplied its invasion of Ukraine, the Treasury Office said 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 now leads the Group of 20 important economies, to advance G20 small business.

“Secretary Yellen firmly condemned Russia’s brutal invasion of Ukraine, and emphasised there will be no small business-as-standard for Russia in the worldwide financial state,” Treasury reported. “Secretary Yellen emphasized that the United States will proceed to operate in solidarity with Indonesia to advance the critical small business of the G20, together with addressing the adverse impacts of Russia’s invasion on the international overall economy.”

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Reporting by Andrea Shalal
Modifying by Chizu Nomiyama

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