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. Home Committee on Fiscal Services listening to on the Once-a-year Report of the Economic Security Oversight Council, on Capitol Hill in Washington, DC, U.S. May well 12, 2022. Graeme Jennings/Pool through REUTERS

WASHINGTON, May 13 (Reuters) – U.S. Treasury Secretary Janet Yellen will fulfill with Polish Prime Minister Mateusz Morawiecki on Monday to go over how Russia’s invasion of Ukraine impacts Poland’s overall economy as component of a week-lengthy journey that also will get her to Brussels and a G7 finance leaders assembly in Germany.

While in Warsaw, Yellen will “specific her gratitude for the generosity Poland has proven in welcoming refugees” and will talk about the growing menace of food stuff insecurity and a world-wide bare minimum tax offer that will increase essential revenues, the U.S. Treasury Department stated in a assertion.

Yellen on Monday also will meet with Polish Finance Minister Magdalena Rzeczkowska and National Lender of Poland Governor Adam Glapinski, as nicely as U.S. Ambassador to Poland Mark Brzezinski. The Treasury stated during her meetings, Yellen will discuss the Russian invasion’s impact on Poland’s economic climate, especially on inflation, and on its fiscal plan and source chains.

Yellen also will check out services for Ukrainian refugees, which include the Earth Central Kitchen, which is delivering meals for refugees and spotlight the Treasury Department’s ongoing endeavours to address food stuff safety troubles arising from Russia’s invasion and blocked Ukrainian grain and exports.

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

“These conferences will concentrate on the impression of Russia’s war towards Ukraine, which include European vitality protection and Russian electrical power imports, Ukraine’s financial support demands, and on the implementation of the world-wide tax settlement,” the Treasury stated.

Yellen also will provide remarks to the Brussels Economic Forum 2022 on the war’s affect on the world-wide economic outlook and the foreseeable future of multilateral.

At the G7 finance ministers and central lender governors assembly in Bonn, Germany, Treasury claimed Yellen will work to progress the world-wide recovery and discuss steps to maximize financial stress on Russia to stop its invasion.

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

Reporting by David Lawder
Editing by Chizu Nomiyama and Will Dunham

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