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

U.S. Treasury Secretary Janet Yellen testifies all through a U.S. Residence Committee on Fiscal Companies listening to on the Annual Report of the Economic Steadiness Oversight Council, on Capitol Hill in Washington, DC, U.S. May 12, 2022. Graeme Jennings/Pool by way of REUTERS

WASHINGTON, May perhaps 13 (Reuters) – U.S. Treasury Secretary Janet Yellen will meet with Polish Key Minister Mateusz Morawiecki on Monday to talk about how Russia’s invasion of Ukraine has an effect on Poland’s economy as element of a week-lengthy excursion that also will take her to Brussels and a G7 finance leaders meeting in Germany.

While in Warsaw, Yellen will “convey her gratitude for the generosity Poland has proven in welcoming refugees” and will talk about the soaring danger of foods insecurity and a world wide minimal tax deal that will elevate vital revenues, the U.S. Treasury Department said in a assertion.

Yellen on Monday also will fulfill with Polish Finance Minister Magdalena Rzeczkowska and National Lender of Poland Governor Adam Glapinski, as properly as U.S. Ambassador to Poland Mark Brzezinski. The Treasury said through her meetings, Yellen will examine the Russian invasion’s effects on Poland’s economic system, especially on inflation, and on its fiscal coverage and offer chains.

Yellen also will visit amenities for Ukrainian refugees, like the Planet Central Kitchen, which is offering meals for refugees and emphasize the Treasury Department’s ongoing efforts to deal with meals protection difficulties 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 stated.

“These meetings will aim on the affect of Russia’s war towards Ukraine, such as European electrical power safety and Russian energy imports, Ukraine’s financial aid needs, and on the implementation of the international tax settlement,” the Treasury mentioned.

Yellen also will produce remarks to the Brussels Economic Forum 2022 on the war’s influence on the worldwide financial outlook and the future of multilateral.

At the G7 finance ministers and central lender governors conference in Bonn, Germany, Treasury explained Yellen will do the job to advance the world-wide restoration and examine measures to maximize economic strain on Russia to end its invasion.

The G7 is produced 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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