Yellen to meet Polish prime minister at start of trip to G7 finance meeting

U.S. Treasury Secretary Janet Yellen testifies for the duration of a U.S. Residence Committee on Financial Companies listening to on the Yearly Report of the Economical Security Oversight Council, on Capitol Hill in Washington, DC, U.S. May 12, 2022. Graeme Jennings/Pool by using REUTERS

WASHINGTON, May possibly 13 (Reuters) – U.S. Treasury Secretary Janet Yellen will meet with Polish Prime Minister Mateusz Morawiecki on Monday to talk about how Russia’s invasion of Ukraine has an effect on Poland’s economic system as aspect of a week-extensive excursion that also will consider her to Brussels and a G7 finance leaders conference in Germany.

Even though in Warsaw, Yellen will “express her gratitude for the generosity Poland has shown in welcoming refugees” and will focus on the climbing risk of food stuff insecurity and a world minimal tax offer that will elevate vital revenues, the U.S. Treasury Department mentioned in a assertion.

Yellen on Monday also will meet with Polish Finance Minister Magdalena Rzeczkowska and National Bank of Poland Governor Adam Glapinski, as nicely as U.S. Ambassador to Poland Mark Brzezinski. The Treasury stated all through her meetings, Yellen will examine the Russian invasion’s influence on Poland’s overall economy, specially on inflation, and on its fiscal policy and supply chains.

Yellen also will stop by services for Ukrainian refugees, such as the World Central Kitchen, which is providing foods for refugees and highlight the Treasury Department’s ongoing endeavours to deal with food items stability difficulties arising from Russia’s invasion and blocked Ukrainian grain and exports.

On Tuesday in Brussels, Yellen will fulfill with European Commission President Ursula von der Leyen and U.S. Ambassador to the European Union Mark Gitenstein, the Treasury mentioned.

“These conferences will emphasis on the affect of Russia’s war in opposition to Ukraine, like European electrical power stability and Russian strength imports, Ukraine’s economic guidance desires, and on the implementation of the world-wide tax arrangement,” the Treasury mentioned.

Yellen also will produce remarks to the Brussels Financial Discussion board 2022 on the war’s effects on the world wide financial outlook and the foreseeable future of multilateral.

At the G7 finance ministers and central lender governors conference in Bonn, Germany, Treasury mentioned Yellen will get the job done to advance the worldwide restoration and examine ways to improve economic pressure on Russia to conclusion its invasion.

The G7 is built up of carefully allied wealthy industrial democracies: Canada, Britain, France, Germany, Italy, Japan and the United States.

Reporting by David Lawder
Modifying by Chizu Nomiyama and Will Dunham

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