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

U.S. Treasury Secretary Janet Yellen testifies during a U.S. Property Committee on Economical Services hearing on the Once-a-year Report of the Economic Balance Oversight Council, on Capitol Hill in Washington, DC, U.S. May well 12, 2022. Graeme Jennings/Pool by way of REUTERS

WASHINGTON, Might 13 (Reuters) – U.S. Treasury Secretary Janet Yellen will fulfill with Polish Key Minister Mateusz Morawiecki on Monday to go over how Russia’s invasion of Ukraine impacts Poland’s economic climate as aspect of a 7 days-lengthy vacation that also will take her to Brussels and a G7 finance leaders meeting in Germany.

Whilst in Warsaw, Yellen will “specific her gratitude for the generosity Poland has proven in welcoming refugees” and will go over the rising danger of foods insecurity and a world wide minimum tax deal that will elevate critical revenues, the U.S. Treasury Office explained in a statement.

Yellen on Monday also will satisfy with Polish Finance Minister Magdalena Rzeczkowska and Nationwide Bank of Poland Governor Adam Glapinski, as nicely as U.S. Ambassador to Poland Mark Brzezinski. The Treasury reported during her meetings, Yellen will talk about the Russian invasion’s effect on Poland’s financial state, notably on inflation, and on its fiscal coverage and supply chains.

Yellen also will take a look at facilities for Ukrainian refugees, such as the Planet Central Kitchen area, which is supplying foods for refugees and highlight the Treasury Department’s ongoing initiatives to deal with food stuff protection worries arising from Russia’s invasion and blocked Ukrainian grain and exports.

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

“These conferences will emphasis on the effects of Russia’s war towards Ukraine, which includes European strength stability and Russian electricity imports, Ukraine’s economic aid desires, and on the implementation of the international tax agreement,” the Treasury claimed.

Yellen also will provide remarks to the Brussels Economic Discussion board 2022 on the war’s impact on the global economic outlook and the long term of multilateral.

At the G7 finance ministers and central financial institution governors meeting in Bonn, Germany, Treasury claimed Yellen will function to progress the international recovery and examine measures to boost economic pressure on Russia to close its invasion.

The G7 is designed up of closely allied rich industrial democracies: Canada, Britain, France, Germany, Italy, Japan and the United States.

Reporting by David Lawder
Enhancing by Chizu Nomiyama and Will Dunham

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