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

U.S. Treasury Secretary Janet Yellen testifies through a U.S. Home Committee on Money Expert services listening to on the Once-a-year Report of the Monetary Steadiness Oversight Council, on Capitol Hill in Washington, DC, U.S. May 12, 2022. Graeme Jennings/Pool by way of REUTERS

WASHINGTON, Could 13 (Reuters) – U.S. Treasury Secretary Janet Yellen will fulfill with Polish Prime Minister Mateusz Morawiecki on Monday to discuss how Russia’s invasion of Ukraine impacts Poland’s economic system as element of a 7 days-long journey that also will acquire her to Brussels and a G7 finance leaders meeting in Germany.

When in Warsaw, Yellen will “express her gratitude for the generosity Poland has proven in welcoming refugees” and will go over the soaring danger of meals insecurity and a world-wide minimal tax deal that will increase vital revenues, the U.S. Treasury Division said in a statement.

Yellen on Monday also will satisfy with Polish Finance Minister Magdalena Rzeczkowska and National Financial institution of Poland Governor Adam Glapinski, as perfectly as U.S. Ambassador to Poland Mark Brzezinski. The Treasury mentioned during her meetings, Yellen will explore the Russian invasion’s effects on Poland’s overall economy, significantly on inflation, and on its fiscal policy and provide chains.

Yellen also will pay a visit to amenities for Ukrainian refugees, including the Globe Central Kitchen, which is delivering foods for refugees and emphasize the Treasury Department’s ongoing endeavours to address meals security worries 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 reported.

“These meetings will concentrate on the effects of Russia’s war from Ukraine, such as European electricity protection and Russian energy imports, Ukraine’s economic assistance wants, and on the implementation of the world tax agreement,” the Treasury stated.

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

At the G7 finance ministers and central financial institution governors assembly in Bonn, Germany, Treasury claimed Yellen will work to progress the world wide restoration and talk about steps to improve economic stress on Russia to end its invasion.

The G7 is manufactured up of carefully allied wealthy 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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