Washington will boycott G20 funding sessions if Russia participates

However, Yellen intends to attend the inaugural meeting of the G20 financial group on the world economy.

G20 funding will be held on Wednesday as part of the spring meetings of the International Monetary Fund (IMF) and the World Bank.

The event will be held in person and by video conference, with the participation of the finance ministers and central bank governors of the countries that make up the group, including Russia.

The United States does not want Russia’s presence in the G20 to prevent it from continuing to work with its allies, the official said, stressing that this cannot be a similar meeting for Russia.

The Russian finance minister is expected to attend some sessions via video conference, he added.

Several G7 countries may leave the G20 when Russia speaks, French Finance Minister Bruno Le Maire said on Friday.

The United States and its allies “will continue their efforts to increase economic pressure on Russia,” the Treasury Department said in a statement.

A U.S. official told reporters that these countries are targeting those trying to escape sanctions.

The U.S. Treasury Secretary is scheduled to meet with Ukrainian Prime Minister Denys Shmyhal, but the date of the meeting has not been announced.

On Thursday, Yellen will hold a press conference.

The Secretary of the Treasury “reaffirms the United States ‘commitment to multilateralism and contributes to the United States’ political priorities for an inclusive economic recovery,” the Treasury Department said.

The fight against the climate crisis, the taxation of digital groups and the “growing global food security crisis resulting from Russia’s brutal and illegal war against Ukraine” are other issues highlighted by Washington.

The number of delegations from the countries participating in Washington will be reduced and press conferences will be held in virtual form only. The G20 press conference will be held on Wednesday at 20.30 (Lisbon time).

Western countries are advocating excluding Russia from the G20, but Indonesia, which is chairing the group this year, wants to remain “neutral.”

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