Treasury Secretary Janet Yellen told a House panel that Russia’s actions in Ukraine “will have enormous economic repercussions in Ukraine and beyond.”
Treasury Secretary Janet Yellen listens during a House Committee on Financial Services hearing, Wednesday, April 6, 2022, on Capitol Hill in Washington. Yellen is telling a House panel that Russia's actions in Ukraine"will have enormous economic repercussions in Ukraine and beyond.
Her remarks also touched on the need for food and energy security and debt sustainability globally, and included a request for Congress to provide support to the International Monetary Fund and World Bank organizations, which have provided grants and humanitarian funds financing to the world’s poorest and most vulnerable.
“Treasury is committed to holding Russia accountable for its actions so it cannot benefit from the international financial system,” Yellen said.
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