Group of 20 finance ministers and central bank chiefs from top economies will meet in Indonesia Friday for talks on the fallout from Russia's invasion of Ukraine, which has roiled markets, spiked food prices and stoked breakneck inflation.
A day before the meeting, Yellen set the tone calling Russia's war in Ukraine the "greatest challenge" to the global economy and said members of Putin's government "have no place" at the talks. The talks will also expose any divisions between the world's top economies on Moscow's unilateral offensive, but Russian Foreign Minister Sergei Lavrov found himself largely outnumbered at last week's gathering.
It is unclear if a similar walkout will take place at this meeting, after no foreign minister walked out last week, but Yellen would not be drawn on if they would repeat their joint action on Friday. International Monetary Fund chief Kristalina Georgieva will appear in person after saying Wednesday the global economic outlook had "darkened significantly" because of Moscow's invasion.
But attention has shifted to Moscow's brutal campaign in Ukraine after it blockaded the ports of one of the world's most important food producers.
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Source: BusinessMirror - 🏆 19. / 59 Read more »