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. Household Committee on Economical Products and services listening to on the Yearly Report of the Money Stability Oversight Council, on Capitol Hill in Washington, DC, U.S. May 12, 2022. Graeme Jennings/Pool via REUTERS

WASHINGTON, May perhaps 13 (Reuters) – U.S. Treasury Secretary Janet Yellen will satisfy with Polish Primary Minister Mateusz Morawiecki on Monday to discuss how Russia’s invasion of Ukraine influences Poland’s economic climate as component of a 7 days-prolonged trip that also will consider her to Brussels and a G7 finance leaders meeting in Germany.

While in Warsaw, Yellen will “convey her gratitude for the generosity Poland has revealed in welcoming refugees” and will explore the climbing menace of food stuff insecurity and a world minimum tax offer that will raise crucial revenues, the U.S. Treasury Office said in a statement.

Yellen on Monday also will fulfill with Polish Finance Minister Magdalena Rzeczkowska and National Bank of Poland Governor Adam Glapinski, as effectively as U.S. Ambassador to Poland Mark Brzezinski. The Treasury explained through her meetings, Yellen will examine the Russian invasion’s impact on Poland’s financial state, significantly on inflation, and on its fiscal plan and supply chains.

Yellen also will visit services for Ukrainian refugees, such as the Environment Central Kitchen, which is providing foods for refugees and spotlight the Treasury Department’s ongoing attempts to tackle foods protection problems arising from Russia’s invasion and blocked Ukrainian grain and exports.

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

“These conferences will target on the influence of Russia’s war in opposition to Ukraine, which includes European power security and Russian electrical power imports, Ukraine’s economic aid needs, and on the implementation of the international tax agreement,” the Treasury explained.

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

At the G7 finance ministers and central bank governors conference in Bonn, Germany, Treasury stated Yellen will perform to advance the international restoration and focus on measures to enhance financial pressure on Russia to conclusion its invasion.

The G7 is designed up of intently allied wealthy 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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