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

U.S. Treasury Secretary Janet Yellen testifies throughout a U.S. Property Committee on Monetary Providers hearing on the Annual Report of the Economic Balance Oversight Council, on Capitol Hill in Washington, DC, U.S. May well 12, 2022. Graeme Jennings/Pool via REUTERS

WASHINGTON, May well 13 (Reuters) – U.S. Treasury Secretary Janet Yellen will meet up with with Polish Prime Minister Mateusz Morawiecki on Monday to discuss how Russia’s invasion of Ukraine impacts Poland’s financial state as section of a week-lengthy vacation that also will acquire her to Brussels and a G7 finance leaders assembly in Germany.

While in Warsaw, Yellen will “express her gratitude for the generosity Poland has demonstrated in welcoming refugees” and will focus on the increasing threat of foodstuff insecurity and a global bare minimum tax offer that will increase critical revenues, the U.S. Treasury Office reported in a statement.

Yellen on Monday also will satisfy with Polish Finance Minister Magdalena Rzeczkowska and Nationwide Financial institution of Poland Governor Adam Glapinski, as perfectly as U.S. Ambassador to Poland Mark Brzezinski. The Treasury explained in the course of her conferences, Yellen will focus on the Russian invasion’s effect on Poland’s economic system, specifically on inflation, and on its fiscal plan and supply chains.

Yellen also will go to amenities for Ukrainian refugees, such as the Earth Central Kitchen area, which is furnishing foods for refugees and spotlight the Treasury Department’s ongoing initiatives to address meals protection difficulties arising from Russia’s invasion and blocked Ukrainian grain and exports.

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

“These meetings will aim on the impact of Russia’s war from Ukraine, including European vitality security and Russian energy imports, Ukraine’s economic guidance needs, and on the implementation of the global tax agreement,” the Treasury claimed.

Yellen also will provide remarks to the Brussels Economic Discussion board 2022 on the war’s impression on the world financial outlook and the upcoming of multilateral.

At the G7 finance ministers and central lender governors assembly in Bonn, Germany, Treasury reported Yellen will get the job done to progress the world-wide restoration and examine techniques to raise financial stress on Russia to conclusion its invasion.

The G7 is designed up of carefully allied rich 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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