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

Linda D. Klein

U.S. Treasury Secretary Janet Yellen responses thoughts about the present-day and future state of the U.S. and global 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 “enterprise-as-usual” for Russia in the world financial system provided its invasion of Ukraine, the Treasury Division stated in a statement on Wednesday.

Yellen informed Indonesian Finance Minister Sri Mulyani Indrawati during a meeting on Tuesday that the United States will go on to function with Indonesia, which at the moment qualified prospects the Team of 20 important economies, to progress G20 business enterprise.

“Secretary Yellen firmly condemned Russia’s brutal invasion of Ukraine, and emphasized there will be no business enterprise-as-regular for Russia in the worldwide economy,” Treasury reported. “Secretary Yellen emphasized that the United States will proceed to get the job done in solidarity with Indonesia to progress the significant small business of the G20, including addressing the destructive impacts of Russia’s invasion on the world-wide financial system.”

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Reporting by Andrea Shalal
Enhancing by Chizu Nomiyama

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