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. Residence Committee on Economic Providers hearing 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 means of REUTERS

WASHINGTON, May perhaps 13 (Reuters) – U.S. Treasury Secretary Janet Yellen will meet up with with Polish Prime Minister Mateusz Morawiecki on Monday to go over how Russia’s invasion of Ukraine impacts Poland’s overall economy as part of a week-extended excursion that also will take her to Brussels and a G7 finance leaders meeting in Germany.

Although in Warsaw, Yellen will “convey her gratitude for the generosity Poland has revealed in welcoming refugees” and will explore the mounting risk of food insecurity and a world minimum amount tax offer that will raise important revenues, the U.S. Treasury Division reported in a assertion.

Yellen on Monday also will meet with Polish Finance Minister Magdalena Rzeczkowska and Countrywide Lender of Poland Governor Adam Glapinski, as well as U.S. Ambassador to Poland Mark Brzezinski. The Treasury stated through her meetings, Yellen will focus on the Russian invasion’s effects on Poland’s financial state, notably on inflation, and on its fiscal coverage and offer chains.

Yellen also will pay a visit to facilities for Ukrainian refugees, like the Planet Central Kitchen, which is supplying foods for refugees and highlight the Treasury Department’s ongoing initiatives to handle food stability difficulties arising from Russia’s invasion and blocked Ukrainian grain and exports.

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

“These conferences will focus on the effects of Russia’s war towards Ukraine, which include European electrical power protection and Russian power imports, Ukraine’s economic guidance wants, and on the implementation of the world-wide tax arrangement,” the Treasury said.

Yellen also will deliver remarks to the Brussels Financial Discussion board 2022 on the war’s effect on the worldwide economic outlook and the foreseeable future of multilateral.

At the G7 finance ministers and central lender governors meeting in Bonn, Germany, Treasury claimed Yellen will perform to progress the worldwide recovery and focus on measures to boost economic pressure on Russia to stop its invasion.

The G7 is designed up of intently 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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